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Nationalisation | Bank REO Real Estate
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HBOS says nationalisation a risk if Lloyds bid rejected

November 14, 2008 by · Leave a Comment
Filed under: Global News 

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We it looks like this problem is still growing as this is being written and there is no end in sight.  The shareholders will approve the deal or they stand to get their equity wiped out.   Not sure what the bondholders think, they might prefer nationalisation if the government is going to make their investment whole again.  This should be interesting.

News:

HBOS Plc , Britain’s biggest home lender, could have to be nationalised if its shareholders do not vote for a proposed 5.7 billion pound takeover by Lloyds TSB, its chairman warned on Friday.

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