Thread: Capitalism crumbles
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Old 20-08-2009, 13:59   #114 (permalink)
Le Stu

 
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House of Commons - Treasury - Written Evidence

Amazing. If this wasn't from the treasury select committee, you'd think it was off a tinfoil hat site. It outlines exactly why the government bailouts of the banks are not only failing to deal with the problem, but are actually exacerbating it. The table at the end is pretty grim. Every major UK bank, except for HSBC, must go through bankruptcy and liquidation.
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