Letter: In brief

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The Independent Culture
Sir: I have an account with Bradford and Bingley. I voted against converting to bank status. If one accepts, which I do not, that it is too difficult to change the law which allows 50 extremists to demutualise the last few building societies, then I suggest this action. Wait until you get your handout. Sell your shares, close your account and put it in a real building society. For Bradford and Bingley to lose about 40 per cent of its working capital overnight might frighten the remaining societies into a little sensible action.


Kew, Surrey