SHARES

13.02.08, 12:10pm

Why should shareholders get anything if the business fails which in the case of northern rock it has.

It's a risk you take if you are luckyand the business does well you make a profit if you aren't and the business does badly you don't.

Why on earth should they get anything back? if it wasn't for the Govt. leaping in to bail it out it would have gone bust. That's called business. If you're any good you do well if you aren't you fail and shouldn't have to rely on the tax payer to bail you out when it goes pear-shaped.
A lot of savers did the right thing and removed their savings since had it failed they may not have got it all back. Otherwise all banks know they can undertake risky business knowing full well that if it does go wrong they will be bailed out by the tax payer. What incentive is there then for banks to think caefully about what they do with any monies coming in?

• Posted by: hobnob • Report Comment