if
it's about Cardiff..
Sport, Entertainment, Transportation, Business,
Development Projects, Leisure, Eating, Drinking,
Nightlife, Shopping, Train Spotting! etc.. then we want it here!
Bank assests in this country peaked over 4 times GDP. That's far too high and dealing with it will be a generational challenge. However that complete misallocation of resources no doubt provided people with plenty of jobs in the meantime before too big to fail kicked in and the industry was bailed out by the government. Funny arch-capitalist Jantra would be so keen on such a sector.
why is holding 4 times as many assets as GDP going to be a problem? GDP is, in accounting parlance, 'operational' whereas assets are 'capital'. you cannot readily compare the two because one relates to a single year whereas the other relates to what has been accumulated over time.
also, just a little correction to what you have written. It was the pension funds who bailed our RBS, Lloyds and Northern rock. The government issued long dated gilts to fund the investment into UKFI. When the UKFI stocks are sold then the long dated gilts will be redeemed. No taxpayers money was actually used to shore up the bank's balance sheets. All the taxpayer vis a vis the government has done is underwritten the repayment of the borrowings in future years.