Iceland Recovering Fastest in Europe After Jailing Bankers Instead of Bailing them Out
|George Osborne's bargain basement sale has left taxpayers with a £1.1billion loss|
The British tax payer (you and I that is) poured £45billion of our money into RSB as a "State Bailout". Consequently, it seems to me that we own the bank.
Gideon is now selling off our shares (and he didn't even ask our permission) in RSB at knock down prices to friends in the city and at a loss to us, the taxpayers. There is a small bribe for the taxpayer however, that the government will allow us to buy a tiny percentage of the available shares, and with a minute discount on the price! As with other privatisations, Gas, Water, Electricity, Railways etc, the government Alchemists manage to persuade sections of the public to purchase that which they already own. In much the same way as a stranger knocking on your door persuades you to buy from him the rose bushes lining the path to your house.
The Icelanders jailed their bankers. Perhaps we should have done the same and put the corrupt confidence trickster politicians in the dock and behind bars.