Daily Archives: February 9, 2009

The debate over bankers’ bonuses has polarised opinion, even within the Financial Times. FT.com invited Jo Johnson, editor of the Lex column, and Martin Wolf, our chief economics commentator, to share their spirited discussions with readers. Click here to read their posts.

By Roger E. A. Farmer

We don’t need to nationalise the banks. We don’t need to guarantee bad assets. We don’t need government to own voting shares in private banks. We don’t need to create a bad bank full of toxic assets. We just need a little faith in free markets and a little creative intervention. I propose that the central bank should support the price of an indexed fund of bank stocks.