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BSC says gov bank reform plans fall well short of whats needed.

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http://www.bbc.co.uk/news/business-20803548

 

Was listening to the usual defensive utterances from the BBA who are saying some of the proposals are likely to ward off investors.

 

They even have the nerve to try and say that any punitive measures would mean the banks having less to lend to businesses.!!

 

As if they have even been bothering to give much needed cash to struggling businesses.

In fact even the Government backed 80% guarantee EFG program saw the greedy banks forcing directors to sign personal guarantees and forfeit rights under CCA !!


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