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Bank bail out roundup

The Chancellor announces his bank bailout plan, but has no idea how much money will be needed to stave off collapse of the sector and the economy: more. The Telegraph commentator Liam Halligan argues that the rescue has failed, that banks must fully disclose their liabilities and that losses must be written off: more. Ambrose Evans Pritchard calls for a “Biblical debt jubilee” as possibly the only answer, recognizing that creditors will not like it: more. John Redwood MP calls […]

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