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David Clark
Posted on 15 Jan 2009 2:54 pm

Most independent commentators agree that the Government has told the bank's to adopt to opposing policies. One is to build up their reserves and the other is to lend more. A clear statement from the Government is needed and action to ensure the banks adopt the chosen policy. Words used by Mr Brown like "asked" and "believe" are far too weak. The banks understandably look after their own interests.

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