Royal Mail float

[Euler]

I think it's been interesting watching the debate about the float.

Lots of people saying don't buy it, it's ours already. But so is nearly £2Tr in liabilities but people don't seem to care much for taking responsibility for that side of the national balance sheet.

[superfrank]

How banks broke promises and raked in a £323m fortune
http://www.independent.co.uk/news/uk/ro ... 26885.html

...big investors who were offered extra shares in a “gentleman’s agreement” to stay in for the long term sold them almost instantly at a vast profit

every man and his dog knew that the shares were being sold on the cheap - the banks got preferential treatment and then flipped them. the City's "talent" is for lining their own pockets at the expense of taxpayers, real businesses and the real economy.