Exit right

摘要

Nothing highlights the scale of banking's upheaval better than the intervention of governments. An industry that embodied the free market turns out to be pathetically dependent on the state for its survival. In some cases, the civil servants are officially in charge. The taxpayer is already the majority owner of Royal Bank of Scotland (RBS) and Lloyds Banking Group in Britain. The German government is poised to take control of Hypo Real Estate. American taxpayers are set to own the largest single stake in Citigroup.