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The Lives of Others

I wrote earlier about PRISM and my thoughts on that, correctly categorised I think, as a rant. Today’s entertainment is definitely political though. The question being addressed is simple. What […]

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Banks Contribution

The UK banking industry remains the biggest single annual contributor to the nations finances. The amount of revenue it provides to the government surpasses that of North Sea oil. But […]

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Sub Prime

“Sub prime” lending is not the bogeyman. It’s just lending. Loans have always been categorised according to likelihood of default ( risk ). Sub prime isn’t new, or even bad. […]

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Irresponsible Lending

The words “irresponsible lending” have become a popular snort in response to the perceived behaviour of “the banks”  – a poorly defined group of companies presumably referring to retail banks, […]