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The truths they don't want you to read....

Thursday, January 15, 2009

Small business loan scheme

The Small Firms Loan Guarantee Scheme writ large, but with extra bureaucracy to help support failing firms rather than those who need the money.

Being seen to do something, rather than doing something productive.

All the cash pumped into the banks has been used to repay inter-bank loans, and now they are all sitting on their cash: like the rest of us, worried about the future.

Massive fail!

"Send that nice boy to my room later."

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