In These New Times

A new paradigm for a post-imperial world

Posts Tagged ‘corporate welfare’

UK taxpayers to own stake in HMV stores

Posted by seumasach on June 9, 2011

Britain’s economic circus as good money(or rather bad money) chases after bad in a frenetic merry-go-round: The government bails out the banks who, in turn, bail out the government and both bailout corporations in the privileged inner circle. Then they all fall down.

Yahoo (Sky News)

7th June, 2011
British taxpayers will become shareholders in struggling entertainment chain HMV as state-owned banks take a stake in the group.

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