Lloyds sells Halifax estate agency for £1
It was all kept very quiet when Lloyds sold the loss-making Halifax Estate Agency group for £1 to LSL Property Services ( the owners of Your Move ) recently.
The fact that the " public " own a 43% stake in Lloyds made no difference, and no one seemed bothered to attempt to actually claw back some of the £15 billion it was bailed out by ( let alone the £260 billion toxic debt guarantee that we gave Lloyds as well ).
No wonder all the MPs on the TV and radio at the moment keep going on about the selling off of assets not being a " firesale ". There was me thinking that selling off part of the Lloyds group for a quid is exactly that?
Despite the warnings that tax payers could lose billions of pounds in the splitting up of Lloyds, RBS and Northern Rock - the firesale continues unabated and without thought of the financial burden that will be placed on the public for generations to come.
Once again the tax payer will be shafted I'm sure, and left with a collection of toxic debt that burden us all for years to come.
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