Wednesday, 8 October 2008

Russia Doesn't Nationalise It's Banks

Among the many ironies of the credit crunch, this one probably deserves more comment. About the only major economy that isn't nationalising, or semi-nationalising, its banking system is Russia. The Government is supporting it's banks but not looking for control in return. Maybe because that is because they know what a state-controlled banking system is like.

No comments: