lloyds
stoat | June 23, 2011I despair sometimes at the stupidity of our politicians. More and more it becomes obvious that the less they have to do with running the economy, the better. The latest stupidity is from Clegg: Clegg calls for RBS and Lloyds giveaway. The idea is that when the government sells its (i.e., our) stakes in RBS and Lloyds that it (i.e., we) were forced (i.e. decided) to acquire, then there should be some kind of bizarre complex free-share giveaway scheme, the biggest experiment in "shareholder democracy" since the Thatcher era of the 1980 as they put it.
There are some obvious problems with this,…