In some ways, it would be similar to a private equity investment… But unlike a private equity deal, the banks would go from being publicly listed to being publicly owned …
- “Let us have public ownership of Lloyds and RBS”
We politely refrain from commenting on the state of most private equity deals right now, but we do draw readers attention to the authorship of the quote: John McFall, chairman of the commons Treasury select committee, and Jon Moulton of Alchemy partners. Strange bedfellows indeed, but powerful ones.
Related links:
Nationalisation Magnus Opus – FT Alphaville
Binary Banks – FT Alphaville