How is it going to make money to pay it's staff and other expenses?
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On first reading of this, it doesn't make sense to me.
The "good" part, or "funding bank" will not lend but will continue to take deposits. How is it going to make money to pay it's staff and other expenses?
You suggested that deposits should be moved to a separate institution. Okay, you got that right, but the similarities end there. You then proposed that Anglo be liquidated and that the deposit bank share in the losses on liquidation. Anglo is not being liquidated, it is expected to run for 15 years. The Deposit Bank will have its assets guaranteed by the government.Sounds quite similar to what I proposed in this thread last March.
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