Fountain Court QC prepares to bring Lloyds TSB to book

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  • If lloyds and Hbos are forced to split up in sept this year, how will they be able to implement this. Will the government pay LLoyds for all the losses we had to take on the chin when we went to bed with Hbos?
    I am a shareholder of Lloyds for a number of years and am very very annoyed with the above suggestion.
    Do we take all the losses on the chin and that give back Hbos at a time when we should be enjoying better times ahead????

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  • I agree with the above comments ! Firstly the Government at the time could not afford to have HBOS go the same way as Northern Rock and the other Building Societies - which it is clear were run by non-banking people who lacked the expertise.
    Just think what the effect would have been for the Country if Lloyds-tsb had not saved HBOS - the Government would have had a major crisis of confidence and another big debt to resolve !
    So - Lloyds-TSB steps in quickly to save the day and both Europe and British Governments now seek to ignore that and want to penalise the Banks shareholders- NOT playing the game ??

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