‘RBS should have been nationalised’: Myners and Turner say Government should have mounted full takeover during banking meltdown

ThisisMoneyHindsight: Lord Myners admitted that RBS should have been taken over and split into a good and bad bank, like Northern Rock
By ALEX HAWKES, FINANCIAL MAIL ON SUNDAY
PUBLISHED: 12:13, 25 May 2014
Royal Bank of Scotland should have been completely nationalised at the height of the financial crisis, a senior Minister at the time has admitted in a new book on the banking meltdown.
Lord Myners, who was Treasury Minister and oversaw the bail-out of both RBS and Lloyds in 2008 and 2009, admitted that with hindsight RBS should have been taken over and split into a good and bad bank, like Northern Rock.
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