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Thursday, 19 September 2013

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There's no particular reason to suppose that our own banks will avoid this is there?

The time to sort out our banks was back in 2008 when HMG nationalised, or part-nationalised, RBS and LloydsTSB. Effing Brown/Blair did nothing of the least intelligence, and left their successors to take the blame for whatever happens now. You may say that they successors will be blamed only because the electorate is so dim and ignorant, but those characteristics are something one just has to put up with.

Sorry, DM, I didn't mean to imply that our banks were very much better, only that the implications for those within the euro is exceedingly severe - and the collateral will splatter everyone!

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