Summary
APPARENTLY the Chancellor has sent out his ministers to threaten the banks over their inertia in lending our dough back to us. And what has he threatened them with? A leg of a chair, big dog on a string or a visit from the SAS in the middle of the night? Sadly, nothing so spectacular, but he does have the spectre of a competition inquiry if evidence of market failure manifests itself.
Of course, the politicos forget who they are dealing with. You can't shame a banker and it's almost impossible to wave a stick big enough at them to induce a cold sweat.See the full content of this document
Extract
Darling Must Know You Can't Shame a Banker
No, I get the feeling that the bankers will cheerfully wave Darling's emissaries away from their meetings with...
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