Tuesday, 24 February 2009
Ever since the government bailed out Northern Rock I have pondered whether this was a good way to reduce the impact of the banking crisis. When the automotive manufacturers came asking for money, I pondered some more. In both cases my natural free-market inclinations inclined me to believe that letting them fail is the best route. However, I am very aware that I do not have all the facts to hand with which I could make a considered decision. This is more than adequately demonstrated by the story behind LDV vans which I learnt here. Have a read and see what you think.