Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

Keep Your Noses Out Of Our Banks.

By Malcolm Stacey

6 November 2014 16:42

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Hello share twisters. The government is interfering with our banks again. They've launched yet another threat to the very fragile share prices of these very necessary institutions.

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Comments

Libero

7 November 2014, 07:19

Malcolm,

I don’t think I’ve read an article of your’s that I’ve disagreed with more than this one, and I must have read at least 100 of your articles by now!

The big 4 banks are running an oligopoly and it’s about time this was looked into. The big 4 banks needs to be broken up – Lloyds in particular – so this investigation is well over-due in my opinion.

Oligopolies are result in higher prices and a lower service, they are by their very nature anti-capitalistic and bad for all consumers .i.e. everyone but the banks themselves and their shareholders. If, for one moment, you could divorce yourself from your own self-interest in the big 4 banks doing well (because you’re invested in at least one of them I presume) you surely must agree this investigation is great news and to think otherwise is anti-capitalistic.

Just my 2 cents.

Kind regards,

The chap who usually agrees with you, and fights your corner to defend when you’re attached by TW from time to time.