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Re: Bailing Out Banks
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Originally Posted by entwisi
Just be clear that not all the UK banks have gone cap in hand to UK.GOV. Barclays has maintained its independance and has taken nothing from yours or my pockets and will not do so due to its own private finance initiatives.
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You're right, though it has indirectly benefited from public funding, at least according to the T.U.C. in this B.B.C. news story.
'The government owns a stake in Lloyds and RBS and the union said both HSBC and Barclays have benefitted from the extra liquidity the Bank of England has pumped into the banking sector.'
BBC NEWS | Business | TUC calls on banks to come clean
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Johann Georg Kant, father of Immanuel Kant, philosopher.
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