Thursday 28 January 2010

Just The Facts

Plagarising the catch phrase from Dragnet - a television police series from the US, screened before most of readers were born - came to mind when reading this article from Bloomberg.

"The British government is seeking to raise more cash by selling its 71.5 billion-pound ($116 billion) stake in three crippled banks than Margaret Thatcher generated by disposing of state-owned businesses during her entire 11 years in office."

"A sale of the British bank stakes at today’s prices would leave taxpayers with a 21.9 billion-pound loss."

Frightening - no?

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