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Share-owning democracy

This, right here, is why shareholders in banks should lose control when they take Government support :

SRM, a hedge fund that controls 9.9% of Northern Rock, has warned Alistair Darling not to consider nationalising the bank for less than a fair price. … SRM said it has been advised that otherwise there would be a breach of the Human Rights Act.

The value of shares can go down as well as up, guys – read the small print.

See also: whining Railtrack losers.

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