Created Mon 13th Oct 9:15pm PDT by 
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Will the British government acquire stakes in any other bank by the end of 2008?
Current forecast: 62% chance 
2%
2%
Combining all predictions, the current forecast is that this is 62% likely to happen (down 2% in last 1 day)
Gordon Brown has just negotiated a £37 billion deal to bail out the banking sector and act as a 'rock of stability' that the UK Prime Minister claims other governments will copy.
The UK government confirmed that it will pump taxpayer money into Royal Bank of Scotland, Lloyds TSB and HBOS in an attempt to prevent the UK's banking sector from melting down. The treasury's wide ranging plan includes cracking down on 7-figures bonuses and shareholder dividends.
The government will take the largest stake in RBS, giving £20 billion to take a 60% stake in the bank; and £17 billion in the expanded Lloyds TSB/HBOS group to own up to 45.3%.
Bank CEO and chairman heads have been rolling, and the carnage may not yet be over. There is word that Barclays may yet ask for a piece of the government bailout pie. Will they, or another bank, give the British government stakes?
The UK government confirmed that it will pump taxpayer money into Royal Bank of Scotland, Lloyds TSB and HBOS in an attempt to prevent the UK's banking sector from melting down. The treasury's wide ranging plan includes cracking down on 7-figures bonuses and shareholder dividends.
The government will take the largest stake in RBS, giving £20 billion to take a 60% stake in the bank; and £17 billion in the expanded Lloyds TSB/HBOS group to own up to 45.3%.
Bank CEO and chairman heads have been rolling, and the carnage may not yet be over. There is word that Barclays may yet ask for a piece of the government bailout pie. Will they, or another bank, give the British government stakes?
Settlement details:
As reported by a major mainstream news source. If no news by suspend date, question will settle a 'no'
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Activity: H$9,888
Question suspends in 4 weeks
Suspend date: Tue 30th Dec 3:59pm PST (4 weeks to go)
Initial likelihoods: Yes: 69%
Action history:
Created Mon 13th Oct 9:15pm PDT by tisha
tisha
Suspend date: Tue 30th Dec 3:59pm PST (4 weeks to go)
more info...
Get widget!Predictions (27)
27 predictions
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score: 10
ABC News 1 week ago
Prime Minister Gordon Brown said Wednesday that further measures may be needed to encourage banks to resume a normal flow of credit to small British businesses and homeowners. Brown came under pressure Wednesday
score: 10
ABC News 1 week ago
Prime Minister Gordon Brown said Wednesday that further measures may be needed to encourage banks to resume a normal flow of credit to small British businesses and homeowners. Brown came under pressure Wednesday
score: 10
The Scotsman 2 weeks ago
THE chairman of HBOS has sent a circular to shareholders claiming that if the proposed takeover bid by Lloyds TSB is rejected, then the troubled bank might have to be nationalised. Lord Stevenson said
score: 10
Guardian Unlimited 2 weeks ago
? HBOS independence plan is 'unrealistic', says Brown ? Unions and shareholders united in opposition The Guardian, Wednesday November 12 2008 Plans by two prominent Scottish bankers to scupper Lloyds TSB's
score: 10
Forbes.com 3 weeks ago
LONDON, Nov 11 (Reuters) - Shareholders in British bank Lloyds TSB should vote in favour of the lender's agreed takeover of rival HBOS, corporate governance advisers PIRC said on Tuesday. PIRC said the tie-up, engineered by the government in
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