Not so Good

Summary


The deal they have cooked up, relying heavily on the advice of Goldman Sachs and after long and costly hesitation, is a peculiarly bad one for taxpayers.

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Extract


Not so Good

Since the words 'credit crunch' entered the public lexicon last summer, many politicians and pundits on both sides of the Atlantic have maintained a state of blithe denial about the economic danger signals that were increasingly apparent.

But this we...

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