Wednesday 29 July 2009

Big-bank bashing is pure political hypocrisy

The Times
"The days of easy lending are emphatically over, as the Chancellor well knows. It was his Government that let debt run wild.....
The Bank of England’s Financial Stability Report, though it may not be everyone’s idea of a ripping yarn, contains some excellent explanatory material about the state of Britain’s banks. It does not make for very happy reading. In fact, it makes for very grim reading."

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