There's a simple way out of the mess, Gordon: a state bank | This is MoneyThere's a simple way out of the mess, Gordon: a state bank
Jim O'Neill, chief economist at Goldman Sachs
15 December 2008
But the Government needs to use the mechanism it has at its disposal to interrupt the downward spiral. Using Northern Rock, the Post Office or nationalising another institution that touches the economy might be the way
Now, that was posted on thisismoney.co.uk today Dec 15th yet...
http://www.politics.ie/economy/36572...ml#post1253025 was posted by Zanu-FF on October 24th
I wonder why Zanu-FF was banned, that seems like a brilliant post seeing that chief economist with Goldman Sachs is now saying the same thing - 3 weeks later!In my opinion, the banks should not be saved, there are alternatives for conducting business - the post office system could have a computer system rollout and could handle swift/iban transfers



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