Saturday, 17 January 2009

Northern Rock used to boost lending.

Predictable eh?

If the government has "recapitalised" private banks to the hilt and those banks insist on acting like businesses rather than charities (imagine that!) then it was only a matter of time before the now publically-owned Northern Rock was used in a desperate attempt to re-inflate the credit bubble.

Laugh or cry? Its your call.

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