Do any of you experts know the names of the people who have received money from this amount?As this is shareholders money. It could be a scam. If Lloyds Banking Group are not held to account it is very bad in the public interest if the names are not knowen to them?
From time to time politicians feel the need to stimulate the Economy.Housing market is an easy way to achieve that.In the short term it creates a feel good factor. Then it is a matter of time before the bubble bursts leaving a bitter taste like negative equity, foreclosures repossessions, homelessness and broken families UK has seen a few of theses boom and burst cycles but nothing as disastrous as US sub prime mortgage fuelled by Freddie and Fanny and other lenders.IMHO British lenders are unlikely to indulge in large scale sub prime lending. Therefore IMHO the prognosis for our economy is not so bad as some seem to think. The last financial crisis of 2008 was not ' Made in Briton' but partly paid for by Briton.Our Banking system was all but finished.LLOY saved the day for HOBS but paid a very heavy price. All this may be boring but true.Every investor goes through a learning curve.After many years I am still learning.Thanks to all the invaluable posting here GLA
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