financial debt. Previously, in 2008, the Royal Bank of Scotland and
the newly merged HBOS-Lloyds were partly nationalised, with the
government taking 60% of RBS (later increased to 80%) and 40% of
HBOS-Lloyds.
The global markets crisis of 2008 led to government bailouts of
US financial institutions such as the Federal Home Loan Mortgage
Corporation, Citigroup and General Motors. These are considered
by some to be, at least part, nationalisation.
Also, in 2001, the September 11 attacks led to the government
“I think the EFF has
reached its peak. It will
be very entertaining in
parliament, but I don’t
think it will have much
impact on actual policy.