So while I was looking the other way, somebody loaned mortgage money to a chancer who was never going to pay it back, and then an investor offered to buy the debt off a banker, and someone loaned him money to do it, and somebody bought the debt off him… and suddenly, trillions of pounds are missing and we are apparently in a recession. Gordon Brown props up British banks by throwing money at them, and everyone starts telling me they’re cutting back. When were they not cutting back!?
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