FairBanking: Seize nationalisation opportunity, force banks to change

The banks are nationalised as part of the 'common good' and so now owe their customers a duty of care, somehow over and above that which natural competition would deliver in spades?

Utter dross.

De-nationalize them. The weak ones can go to the wall. Give me back my money!

If you spend more than you earn, you go broke. Everyone over the age of 3 or so knows this. The banks are not there to wet-nurse financial retards, or. for that matter, be wet-nursed by them (via Government bail-outs).

What happens when the institution overseeing banks pays it's staff bonuses when it doesn't have the money and then borrows it from the same firms they are supposed to be overseeing?

Nothing.....................

Common good? That's why Northern Rock is still losing money on new business...

The Government should use its ownership of the nationalised banks to break them up into little pieces and denationalise them ASAP.

Thereafter, it needs to make sure they are never again "too big to fail".

The greater good is something achieved by small businesses pursuing their business with a degree of self-interest and commerciality. As the recent Tory paper on banking regulation so rightly pointed out, we need to ensure greater competition in the retail banking market to benefit consumers, not this trottish dross.