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How the financial system works

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    How the financial system works

    Lloyds spent £8billion on HBOS during the financial crisis | Daily Mail Online

    2008 - Lehmans crashes. Chance the chickens will come home to roost. The government cannot risk it so gets the BoE to force a bank to buy the weakest link. Never mind what the shareholders(mugs) think.

    But house prices will carry on rising so who cares?

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