RE: TAKEOVER TARGET 💰🛢️💰🛢️💰🛢️28 Oct 2024 13:07
Erm, Investor you failed to mention a 'minor' detail..the global financial crash of 2008, sparked by moronic banking practices in the USA which plunged developed economies into something akin to another depression forcing the Govt to bail out banks to the tune of billions and billions. Of course, this was particularly painful in the UK as decades of neoliberal ideology has brainwashed the populace into believing that any form of central regulation puts a limit on business and growth. Ditto Brexit. Ditto AIM, which is an unregulated wild west permitting the sort of blatant manipulation we are seeing in this share. The banking crisis was the root cause, although despite this the bankers still got their bonusses, and all Governments could do was respond as best they could to keep the lights on. It was then Gordon Brown who finally came up with a plan, accepted eventually by the Americans, which stopped the whole system collapsing.