The full story is on ft.com. This is only one day after the prime minister repeated his belief that taxpayers would make money out of the bank rescues.

From Bloomberg, February 12

“Prime Minister Gordon Brown said bank shares bought by the British government as part of his
rescue packages will ultimately make money for the taxpayer. ’I believe over time that the value of these shares will rise,’ Brown told a panel of lawmakers today.”

Hat-tip: Robert Hutton at Bloomberg

February 13, 2009 4:39pm in Banks | Comment