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Banks Lack of Contrition Makes Me Angry Says David Ellesmere

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A recent story really made me angry, writes Labour's Parliamentary Candidate, David Ellesmere.

Lloyds has been fined for manipulating interest rates so they could reduce the amount of money they had to pay to the Government to bail them out in 2008. The amount they paid was£8 million lower than it should have been as a result.

Let’s just think about this. At a time when the banks had brought the whole global economy to the brink of catastrophe and they were completely reliant on the Government to stop them going bust, their first thought was how they could get one over on taxpayers.

Its the utter lack of contrition that gets me.

The Government has taken some small steps to reform the system but in reality theyve let the banks off the hook.

Given half a chance, theyd do the same thing all over again.

 

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published this page in News 2014-08-18 12:24:39 +0100

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