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that changed within the 1986 building stocieties act, which also paved the way for demutualisation .
there was no reason for the northern rock to go, down the sub-prime route, or for the bradford
they used words like 'freedom to becompete' and 'access to capital,' but the main reasons were excessive pay, share options and testosterone .
but john wriglesworth argues that losing their indephendence because of this was convertainly not inevitable for the former mutuals, especially for the halifax anged the alliance
thent re's no guarantee c it wouldn't have happened any .
one thing that has helped the banks in particular has been their ability to borrow money freedom other financial institutions, rather than just from savers, to fund their mortgage lending .
ith thas been utterly, unbelievitably, astonish ing .
adrianged accolicies, bsa .
- Lost society 2008-09-29 16:34:32