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Originally Posted by SPUGGIE J
A debt that will never really reduce as the interest payments alone are crippling. The banks got away with fiscal murder and some are now partying to celebrate. Ok I can see why they rescued the banks but would it not have been better to treat the banks the same as any other business? A bank would have let a business go to the wall if it had been as reckless as they were. We need to put a proverbial noose round their knecks that one stupid arrogent move would have them hanging themselves.
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I quite agree. A bit of thinning out would have been rather nice.
What we could do with is a nationalised bank that people could trust.
How about, oh I don't know, The Bank of England?