Quote Originally Posted by Gandalf View Post
Quote Originally Posted by Kirkland Laing View Post
Quote Originally Posted by Gandalf View Post
Quote Originally Posted by Kirkland Laing View Post
They need to keep the pound so they have a central bank who can bail out Lloyds and RBS the next time they have huge losses. Both are HQd in Scotland. If they're part of the euro there's no bailout and Scotland makes Greece look like Monte Carlo, the whole country in crushing debt for over half a century as a best case scenario.

It's all irrelevant anyway. The yes campaign would need to be currently running at 60% support as people will peel off from fear of the unknown as the vote gets closer. Barring some miracle Scotland says no to independence by a decent margin.
Royal Bank of Scotland has already said they would stay in England, so they can stay. Then the other one can just go broke or stay too if they like. England hates its own people, but will very happily bail out corporations that they like.

Scotland should throw out the trash and do things properly. They should show how a system should work, rather than copy the methods of the most corrupt financial sectors in the world.

I want to see models with alternatives that can show people how a system should be run. It would also show the English people how abused they have been and in turn might well inspire them.

Scottish independence could be a great thing for the region. Instead of sinking with it all, Scotland can shine a beam of light and say 'This is a country of the people for the people'. A lot of other nations have totally forgotten about representing the people.
You can't let even one big bank go bust or they all go over like dominoes. And you can't let an independent Scotland that wouldn't have the wherewithall to bail out even one bank be in a position where they might have to. So Scotland will remain part of Britain.
The banks should have gone bust to begin with. It would have been catastrophic, but I think that should have happened. It was like a person that had grown a massive cyst on its head the size of a balloon. Realistically it should have been burst and operated on as it was kind of nasty. Instead the cyst is now the size of an entire village. I still think that morality means you admit you made a mistake and do something about the cyst. It will be even more painful, but do something as it looks and is hideous.
You can let the bank shareholders lose their money and sack and imprison the top execuatives but you have to guarantee the debts of any major bank or the entire system goes down and it destroys the real economy, we're talking situations far worse then Greece (Greece currently has 30% unemployment, debt compound trap etc etc) in every major country. Much cheaper to bail the baks out.

Regulate them afterwards by all means to prevent them doing it again and put bankers who break the rules in jail but impossible to let a big bank go bust.