Thursday 12 July 2012

The Independent: "Britain and banking: Back to the 1830s"

Link to The Independent

"Unparalleled levels of imprudent lending; corrupt banking practices; soaring inflation and rising unemployment; government bank bailouts and an economy dependent on increasing levels of debt to sustain growth.

"Sound familiar? It would have done to Britons in the 1830s.

"The fact is that we have been in a remarkably similar economic crisis before, and the reasons for it could be almost identical."

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