Let\’s give Northern Rock to the depositors, why not?
1) Are they going to pay for it? The \”good bank\” part of NR has a value. Why should we the taxpayers make a gift of that value to the depositors who will then own it? So, how much are they going to pay and how?
2) Building Societies are less risky are they?
Tell that to the depositors in the Derbyshire, Cheshire, Barnsley, Scarborough, Dunfermline societies.
In fact, more British Building Societies went bust than British banks went bust.