However, last week's poll was how long do we think the NR will be under public ownership for?
Up to a year | 0 (0%) |
2 years | 3 (6%) |
2-4 years | 8 (17%) |
More than 5 years | 34 (75%) |
The result does not surprise me, even though no one thinks we will be shot of it by this time next year (I guess no one is doing the extreme testing of imagining the government being unable to fund continuing operations.....).
5 years is about right though as I see it. Even if the bank is sold to the private sector there will be significant Government backing for years to come; 5 years might be optimisitic!
2 comments:
I doubt it will be out of the headlines for long. When it doesn't turn around quickly people will start asking why we are propping it up. Nationalised companies rarely become commercial successes!
When is the next election? When do you think the housing market will start improving? Call me cynical, but if I were a gambler might be worth a bet on 2 years.
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