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June 22, 2008


David Duff

"You want to know what the solution is?"

Send me a tenner and I'll tell you! (Well, it'll help my liquidity problem.)

mark mcfarland

Perhaps, as you state, there is no solution. A second best, is to stop left and right leaving paternalistic governments pretending that they are in charge of the economy and that people have a natural put in the form of a government bailout.

Was there ever a bigger egg-on to reckless borrowing than the bailout out of Northern Rock, a company so badly run that it wouldn't have been out of place in Thailand in 1996/97, and the attempts by Gordon Brown to persuade the BOE to lower rates so that people would get on the property ladder?

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