Thursday 22 July 2010
It is no good squealing about dodgy borrowers who cannot get bank credit
Why should the banks lend to UK businesses and home buyers? They can borrow from the government for next to nothing and invest in emerging markets for a much fatter return than UK lending will bring. And they can argue that, since the government has raised their capital reserves ratios, they don't have the money to lend.
# posted by Had It in Holland Park @ 22:32 
Subscribe to Posts [Atom]
Post a Comment