Adam Smith Institute

Europe's favourite think tank website
  • Narrow screen resolution
  • Wide screen resolution
  • Decrease font size
  • Default font size
  • Increase font size
And another thing... Print E-mail
Written by Junksmith   
Tuesday, 14 October 2008

Yesterday it was announced that the government would give Lloyds TBS/HBOS £17bn, in return for a 44 percent stake, and RBS £20bn, in return for a 63 percent stake.

One of the conditions of the government's investment is that the banks keep mortgage lending at 2007 levels.

Given how we got into this mess in the first place, is that really such a great idea?

Oh, and while I think of it, isn't keeping all the government's new liabilities off the balance sheet a great way to encourage greater transparency?

Comments (0)Add Comment

Write comment
This content has been locked. You can no longer post any comment.

busy
 

About the ASI

The Adam Smith Institute is the UK's leading innovator of free-market economic and social policies. Politically independent and non-profit, the Institute promotes its ideas through reports, briefings, events, media appearances, and its website and blog. For further information, click here.

Join our email list

Keep up-to-date with the latest events, reports and information from the Adam Smith Institute by joining our fortnightly email list. It's free and you can unsubscribe at any point. Just enter your email address here: 


Support the ASI

Enter Amount: