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Tuesday, April 28, 2009

UK Banks to hold more capital...

This is the nail in the coffin of Gordon Brown!

He will be forcing UK banks, some of the largest as the FT reports from Downing Street that Chancellor Darling admits.

He also plans on breaking up some of the big banks. Well, they can throw away contributions from the City this election season.

This is admitting that your policies, thus far, are not working the way you explained that they would. This also would infuriate the City, if the bank break-ups are less than equitable and costs current established businesses their market share--especially if foreign banks benefit.

It's over for Brown and Labour. Sad to see the end of an era....former PM Tony Blair gave him no strong vote of confidence, either.
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