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Tuesday, October 5, 2010

Anyone have an extra trillion?

I know this is about British banks but who do you think paid for the bail out the last time?


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.


Link:
http://www.independent.co.uk/news/business/news/banks-may-need-new-bailout-warns-thinktank-2097047.html

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