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Wednesday, 22 August 2007

Credit Market Turmoil

I cant help thinking that the finacial instability of the credit markets is more serious than we are being told. When you read that Bank of England has had to step in to lend a big financial institution money from its emergency lending fund you begin - justifiably - to worry.

The frustrating thing for me about this current crisis is that a) its all at the door of the financial institutions and their over exuberance and b) ultimately I'm sure the average man in the street will suffer not the finance guys!

Thats wrong!

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