Wrong. Paying debts allows banks to lend money to companies they would never consider worth the risk. If they did not think the gov was to scared to help.
No truly private company making the choices Thames Water etc al have done. Would have been lent the money they were.
Debt was given by private banks where other companies artificially upping share price while failing to maintain assets. Would be told to fuck off. The banks depended on gov refusing to let the shareholders suffer. And profited from it.
As such those debts value should be the same as any other bankrupt corperation. The assets were never theirs but placed in trust with them as management contractors. That did not manage. And turned to the gov for funding for any expansion. So they had no assets to secure the debt. We should not be supporting stupid banks again.
Wrong. Paying debts allows banks to lend money to companies they would never consider worth the risk. If they did not think the gov was to scared to help.
No truly private company making the choices Thames Water etc al have done. Would have been lent the money they were.
Debt was given by private banks where other companies artificially upping share price while failing to maintain assets. Would be told to fuck off. The banks depended on gov refusing to let the shareholders suffer. And profited from it.
As such those debts value should be the same as any other bankrupt corperation. The assets were never theirs but placed in trust with them as management contractors. That did not manage. And turned to the gov for funding for any expansion. So they had no assets to secure the debt. We should not be supporting stupid banks again.