Addendum to previous blog

What I forgot to add to my previous blog is that, once the monster high street banks were split into smaller regional and city groups, each group should then be treated as a separate business, subject to company law — as they were in this country in the 19th century. This means that, at a time of a financial crisis, the incipient collapse of the whole system as in 2008 is not threatened. Instead, a much smaller numbers of banks — perhaps only individual ones in some cases — would be forced into bankruptcy and doesn’t seriously shock the whole national or world economy as 2008 did.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s