Member Info for morrisseysteve

It's the Stockholm Syndrome, isn't it? When you get kidnapped and start to sympathise with the kidnappers. Named after a case in Stockholm but most famously used in the case of Patty Hearst, daughter ot media magnate Randolph Hearst, whose sympathies for her kidnappers, the Symbionese LIberation Army, extended to going on bank raids with them. She later, after her rescue, used the Stockholm Syndrome defence

Not sure how it's totally misleading then, if what you say is right � Barclays are getting it for a song because Lloyds don't want the risk any more. It's actually what the RNS says too. Or maybe a conspiracy theory is too tempting even when there isn't one to be had?

Far from being milked by the UK Gov, this bank has been saved by it. This bank was one of those responsible for a global meltdown which its owners (the shareholders) didn't pay the full cost of � that was the UK taxpayer, who is now also stumping up for this fine. If the government sells its shares off at a profit, that's dandy. If they instead opt to take what money they can get and run, then the shareholders have done very well out of this (having something, no mattter how small, left rather than nothing) and the UK taxpayer has born the burden for them. Socialisation of risk, privatisation of reward. I'd keep those violins in their cases and thank the perverse gods of economics who we currently worship

Moat. Insurance business easy to get into. Any old web entrepreneur with a bit of advertising spend can do that. Big boats. Bit harder. Agree with you on the numbers entirely, but there is a business case here for growing what cannot be replicated online.