What does it really mean when all the governments in the western world pick up great slices of equity in the banking system and cover the debt obligations? Will it mean that these organisations will be run more efficiently and that sensible credit management will be restored. Could it possibly mean that these organisations will generate great profits in the future as asset values improve again and we will all benefit as shareholders in banking and insurance? Seems maybe the governments just might be picking up valuable equity at the crisis time. Should we believe it is very smart government or does it mean the problem is massively out of control? Is it all about pushing off the pain til after the next election?
Will it mean that banking will get back to financing enterprise at reasonable cost now that the continually inflated property asset has lost its sparkle?
Does anyone really know what all this means?
I sincerely hope so..................................... but lets not rely on bankers have to find someone who thinks probably!
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