• The post you are reporting:
   
  Complicated. Barclays benefit from not suffering the dead hand of government as a shareholder and they did not get into too much of the dodgy stuff that did for RBS.
  
  Lloyds have posted a turn around in their performance too. A loss turned into a modest profit. They were also a well run bank that kept clear of the dodgy dealings and only needed a bail-out because they bailed out HBOS on behalf of Brown. They have been applying some sensible management to get things turned around.
  
  I do wish the government would stop telling banks to lend.
  
  The credit crisis was caused in the first place by a government, the US one, being pushed by Clinton's legislation to lend to those they never should have made loans to. That was compounded in the UK by the removal of regulatory oversight and artificially low interest rates because Brown got the BoE inflation brief wrong - more ill-considered government intervention.
  
  All HMG should do is get that regulatory system put right and stay out of it.

Report Post

Your Name

Reason