While bank nationalisation is probably the “nuclear option”, there are other ideas that could be an improvement on what governments are doing.
“A lot of the focus is on the ‘bad bank’ idea [where a government siphons off toxic assets], but another way would be for the government to stimulate new entry into the banking system,” said Martin Weale, director of Britain’s National Institute of Economic and Social Research.
“If Tesco wanted to come in and enter the banking system by setting up a new bank, it should be encouraged to do so.”
from TimesOnline
