Sage words from the Lib Dem shadow chancellor on a href="http://news.bbc.co.uk/1/hi/scotland/8173659.stm"BBC Newsnight Scotland/a yesterday:br /blockquotepLib Dem Treasury spokesman Vince Cable has said large banks such as Lloyds and RBS should be broken up as they pose too great a risk to the taxpayer. .../ppMr Cable said it was unhealthy to have banks of that scale./ppHe said they should be split up before they are returned to private ownership./p/blockquoteHe also criticised the combination of ordinary banking, such as business lending and mortgage payments, and so-called casino bankingbr /blockquotep"These two things should not co-exist in the same institution .... /pp"It is highly unstable. It means the British taxpayer is underwriting very dangerous high-risk activities, so for that reason alone they should be split up."/p/blockquoteWhy is the Labour government so timid when this is clearly what ought to be done?div class="blogger-post-footer"img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/6606798-8415033731444812906?l=liberalengland.blogspot.com'//div
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