View Full Version : How the financial system works

3rd November 2015, 10:59
Lloyds spent £8billion on HBOS during the financial crisis | Daily Mail Online (http://www.dailymail.co.uk/news/article-3301188/Lloyds-spent-8billion-HBOS-financial-crisis-bosses-knew-stricken-lender-no-value.html)

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?