Destroyed a Bank ?

[gfbak@aol.com]

Gordon Brown seems to have done very well again.

Firstly he as chancellor, overlooks the problems being built up by the Banks by allowing incorrect practices to flourish.

Secondly he is allowed to dangle a carrot in front of Lloyds TSB to purchase HBOS, when it is near to collapse. We don't know the ins and out of the proposition other than it appears Lloyds TSB went for the acquisition without performing due diligence and with government backing that competition rules would be waved.

Halifax is a good profitable business but with the problems that we now know Bank of Scotland had. Lloyds TSB should have left well alone.

Has Gordon Brown and his government brought a well respected bank to its knees unnecessarily?

[Midas]

Has Gordon Brown and his government brought a well respected bank to its knees unnecessarily?

I believe so, and yet again it's a good illustration of the incompetence of government and its inability to manage what should be left as a privately run enterprise.