Are we heading for Nationalisation of Banks?

As we brace ourselves for yet another financial institution bail-out,i start to ponder the prospect of a complete overhaul of all our major banks - nationalisation.
The relapse in our financial markets has left Gordon Brown desperately clinging to the hope that a precedence of Northern Rock will not haunt,Lloyds Banking group - at least for now.This follows yet another fall of shares of 32 per cent by the group after it reported losses of £10 billion in HBOS.

If i can cast my mind back to the day the government spectacularly gambled in sanctioning the merger of Lloyds and HBOS,i am left with no alternative but to blame it on those at West Minister and Whitehall alike - the torries included.

Because,we are now vulnerable to the forces of financial markets,men with balls of still should come forward and propose a provisional plan to nationalise all financial institutions that are trading and holding public finance - only in the short run though.Ideally it is the best option for now,if our poor savings are to survive.Remember the fall of the Icelandic banking institution?Billions were lost and the innocent corporate investors suffered.If the government is reluctant to pursue Arnold Muchoko's advice,then they must guarantee my £50 that i invest every month.

Nationalisation is a tried and failed system,especially in developing countries where central planning commitees often sabotage the free flow of trade.But who said it will fail in England?After all,it's a democratic state and the chances of gross manipulation of the system are next to zero.

My plea is that since all the wrong government policy choices are back-firing and impacting on taxpayers,why not nationalise for a year?Once there is enough confidence in the market place,the government can auction the financial institutions to the highest bidders - of course after a thorough due diligence.I am in favour of liberal institutions,only if they work and are profitable.

I suppose there should also be a parliamentary financial committee that oversees,the day to day running of these superbanks.Although,the banks will still return an autonomous share in operation - the parliamentary committee's main objective will be to monitor the productive capacity and regulate when ever possible.

Balls of steel will take us to the promised land - stability in our financial markets.