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Monday, October 04, 2010

Banks May Need New Bailout, Warns Think-Tank


Taxpayers should be braced for another multi-billion bail-out of Britain’s banks, a left-leaning think tank claims today.

Financial institutions face a funding shortfall next year as existing borrowing ends, forcing them to look for another £13 billion a month, or £156bn a year, the New Economics Foundation (Nef) warned in a report into the banking crisis.'

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1 comment:

  1. Erm, no.

    Why should banks get a bailout while other high street businesses are going bust?

    Why should banks get a bailout when they reward themselves with ridiculous bonuses? (Underline ridiculous)

    Why should banks get a bailout when they are laying off staff left and right?

    Why should banks get a bailout when their online security leaves a lot to be desired?

    Lastly, what were the productive things they did with their last bailout?

    Bank bailouts should be banned!

    ReplyDelete

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