Sunday, 28 September 2008

Demutalism Failed

"The nationalisation and break up of Bradford & Bingley will represent a momentous event in the history of British banking, because it will mean that every building society that floated on the stock market in the wave of demutualisations of the past two decades will either have collapsed or been sold to a conventional bank." Robert Peston Blog at BBC
Mutalism we were told didn't have a future - it has now.