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Old 10-14-2011, 03:02 PM   #16
Bromymbollile

Join Date
Nov 2005
Posts
529
Senior Member
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Interesting history of the Bank of England .

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http://the-tap.blogspot.com/2010/02/...f-england.html
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You ask the question, Who Owns The Bank Of England? to one thousand Britons, and I kid you not, all of them will say that it is owned by the Government.

They would be wrong.

The Bank Of England was originally a private bank, which contracted to lend money to the British Government in a financial crisis. It was privately owned at its foundation and remained so until the post-war Labour government nationalised it in 1946.

So it is owned by the government?

No.
Salam alikum,
I am not sure if somethingwhen nationalized belongs to all - theoretically. It is very dangerous if something belongs to every one and in fact to no one. Like in communism. Who comes first - takes it...

W salam
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