Duelling Fools: Lloyds Rights Issue

Good afternoon, sage comments from both parties, however i must go with Mr Jackson. The old comment of " Do not put all your eggs in one basket " i think applies - As he correctly says there are many better long term opportunities than banks and why increase exposure to the rather fragile banking sector even further. Also the comment about competition is so valid. There is the assumption that all the big boys will increase market share and i think that is incorrect. The public generally regard banks as places where large porky people eat their money and i believe the smaller arsising competition will be viewed as a breath of fresh air. Smaller leaner personally focussed concerns i believe will emerge and take a large slice of future ' people business' Also in the longer term we will no doubt join the Euro and the UKs 'pound protected' banks will meet more european competition in the longer term. Also like the US the rush to get government of teh backs of banks can be viewed possibly as a necessity to avoid curtailment of bonus. The British people are no fools and will not forgive the banks quickly. That said it is unfair to paint all banks the same. Yes i am in Scotland and look with absolute horror at what were sound careful well run banks like RBS and BofS become basket cases, but others eg HSBC and
Santander should be applauded for their excellent management and stewardship of shareholder interests and staff security. But Heh ho who knows these days what is around the corner - hopefully not too many bogeymen waiting to unsettle us. ian

Best bank by a mile is Barclays though.