UK's elite hardware talent is being wasted

Re:UK's elite hardware talent is being wasted by pjc50 on Monday January 20, 2025 @05:35PM (#42773912)

- not gambling, mortgages

- not in the end a loss (banks taken into government ownership eventually sold for about the acquisition price

- bank shareholders lost their money

- you don't want to see everything turned into Northern Rock bank runs

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Re:UK's elite hardware talent is being wasted by ImHereToVote on Tuesday January 21, 2025 @04:33AM (#42778059)

The banks should have been nationalised.Iceland was able to solve they Monte Carlo GFC event without creating a moral hazard.

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Re:UK's elite hardware talent is being wasted by pjc50 on Tuesday January 21, 2025 @04:41AM (#42778104)

They DID nationalise the banks! https://researchbriefings.files.parliament.uk/documents/SN05...

They ended up with 100% of Northern Rock and Bradford and Bingley; 84% of RBS, and 43% of Lloyds.

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Re:UK's elite hardware talent is being wasted by ImHereToVote on Tuesday January 21, 2025 @05:52AM (#42778662)

Thanks for that info. Live and learn.

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Re:UK's elite hardware talent is being wasted by pjc50 on Tuesday January 21, 2025 @06:28AM (#42778966)

Thankyou for this comment. The GFC is a complicated subject; there WAS a lot of reprehensible behavior, but it's often not correctly identified because people like simple problems with clear villains.

The history of Anglo-Irish Bank is an even more interesting story; Sean Quinn is one of the few bankers who was actually jailed, even if only for a short time.

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