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Sunday, October 26, 2008

Darling Knew About Potential Icelandic Bank Meltdown Weeks In Advance

Alistair Darling was alerted to the possibility of a meltdown of Icelandic banks 'weeks' before they collapsed, taking billions of pounds of British savers' cash invested in them.
A transcript of a private telephone conversation on October 7 between the Chancellor and an Icelandic government minister shows that Mr Darling had been 'very concerned' about the country's banks well before they failed.

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