Home > Banking Euro Crisis, It's all about money, Madness, The economy, what are the options?, Why it's all gone horribly wrong?, World Debt > Am I missing something? Why is the tax payer being kicked in the “painfuls” again?

Am I missing something? Why is the tax payer being kicked in the “painfuls” again?


P Football

P Football (Photo credit: Wikipedia)

UPDATE 2-Bain grabs Lloyds buyout loans at knockdown price | Reuters.

It’s one thing to want to get rid of your bad assets but quite another to throw them away just for the sake of it. Seems like Antonio Horta-Osorio, is able to justify his salary by doing just this!

You have to ask the question, why is Private Equity a buyer? Answer because they will make money out of the purchase. So what’s the upside for the taxpayer? Has the bank arranged to participate in any further benefits that a future sale of these assets might bring or have they just torn up pound notes?

Common sense, don’t deal with Private Equity without it.

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