Monday, October 13, 2008

Bank shares

I'm not the first person to link to this post - the financial crisis explained to a 14-year-old by Kevin Nguyen, with the help of a Pokemon card - but it's short and sweet, and very much to the point. Today, we have to work out whether or not a share in a part-nationalised bank is a Pokemon card that will retain its value, or increase (in a landscape where some banks are clearly feeling bullish that they can pull through without Government/international help).



Equally, it will be interesting to see if investors have provided the Government with sufficient funds in a flight to National Savings, Premium Bonds etc - or if Mr Brown needs to take more from the taxpayers' pockets, mattresses, gold sovereigns etc. And if (or when) Alex Salmond will argue that RBS should be his.....

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