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Showing posts with the label How the banks never lose

How the banks never lose

As the credit crunch continues to leave Britain cash-strapped and high street banks report huge losses, Dispatches investigates who is responsible for the current crisis. Reckless lending and risky investments have been blamed for directly driving up mortgage rates and increasing the numbers of people losing their homes. Dispatches investigates how the bank chiefs allowed this to happen and if lessons have been learn from the Northern Rock crisis.