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Wednesday, January 12, 2011

The Time For Remorse

Bob Diamond, the new CEO of Barclays, lamented to the Treasury Select Committee that the time for remorse by the banks (wrt the financial crisis) is over.

Fair enough, maybe (not that I have noticed that much remorse so far).

However, that plea may receive greater sympathy from people if banks were a little less reluctant to lend money, and were to charge interest rates on loans granted that actually reflected the current low rate of interest set by the MPC.

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