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Old 09-18-2008, 08:44 AM  
xmas13
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:2cents Nationalization of the financial industry in the UK too

After the quasi-nationalization in the US of mortgage giants Freddie Mac, Fannie Mae, insurance giant AIG, here comes the UK government-sponsored merger of Halifax and Lloyds.

http://www.dailymail.co.uk/news/arti...0-Britons.html

"Joining the two gives the new company 39 million account holders, 30 per cent of all mortgages and 35 per cent of all savers' cash."

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