[Grimnir]

Banks created the financial crisis.
Then the government gives billions of tax payers money to the banks as a "bail out".
Government should take all that money back and cancel all the debt they owe to any banks. All they do is impose a massive fine on the banks, amount of the fine = total debt.
Reason government do not do this is because the banks own the government and tell them what do do.
Money talks, power corrupts.

[In the Drunk Tank]

Originally Posted by Grimnir

Banks created the financial crisis.
Then the government gives billions of tax payers money to the banks as a "bail out".
Government should take all that money back and cancel all the debt they owe to any banks. All they do is impose a massive fine on the banks, amount of the fine = total debt.
Reason government do not do this is because the banks own the government and tell them what do do.
Money talks, power corrupts.

And what do you then do when the banks pack up and leave? That would never work, the nationalised banks are starting to turn a profit again (with the exception of Northern Rock I believe) and soon they'll start denationalising and that should bring in a significant amount of money, no need to impose a "massive fine"