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What would be bad for the consumer if your countries banks were nationalised?

Asked by Tobotron (1313points) April 28th, 2010

some institutions around the world were nationalised as a result of the banking crisis and of those I know of in the UK, there actually doing better than a lot of the private banks in terms of returning to profitability.

what’s the big problem with nationalising high risk institutions such as banks and public transport in a move away from casino banking?

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