Tuesday, November 24, 2009

Lloyds HBOS and secret 25.4 billion pounds

This blog has always maintained the Lloyds/HBOS arrangement was sure to end in disaster. The main question now, with a huge rights issue dilemma facing investors, is from WHERE did the 25.4 billion used by Lloyds to repay, in January of this year ,the secret Bank of England loan revealed today by Mervyn King, COME .... Could it have been another, as yet undisclosed, secret Bank of England loan? Also worth asking: How could Parliament have been kept in the dark about these huge taxpayer liabilities for a whole year???????? Why was this blog one of the few asking such questions at the time???????? Were not Lloyds shareholders defrauded by the Government??????????? When will the arrests begin?????????????????????????????????????????????????????????

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