The Cadbury plot thickens further today as it transpires one of the central banks lending Kraft Foods the money to buy out the company is none-other than the Royal Bank of Scotland – you remember, the bank we tax-payers bailed out last year and thus, technically, own?
As Liberal Democrat leader, Nick Clegg, said to Gordon Brown during today’s Prime Minister’s Question Time: “When British taxpayers bailed out the banks, they would never have believed that their money would now be used to put British people out of work. Isn't that just plain wrong?"
I’d like to take that question further – when British tax-payers bailed out the banks, shouldn’t have the government, the opposition, or the Liberal Democrats have ensured that with that money came strict conditions and regulation that the banks were forced to follow? Shouldn’t our “ownership” have actually meant something, and shouldn’t it still mean something – for instance, shouldn’t we, as RBS owners, be able to refuse to give Kraft Foods the loan?
Posts
No comments:
Post a Comment