Saturday, January 17, 2009

I'm fed up telling you...

Liam Halligan, he of the Sunday Telegraph, has an insightful article about a) Banks telling the truth b) the non- operation of the present bail-outs c) what needs to happen.
This isn't about to go away. Someone, somewhere, needs to take a grip of it, which means ALL the banks writing off ALL the problem loans. Which will mean some of them going bust.
It's going to be very painful.

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