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In response to
"As someone who works in the credit field I will say that my anecdotal experience supports the view that the credit markets had locked up."
by
pmb
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Yeah I figured that report was solely put out to help banking buddies in supposedly heretofore "well capitalised" banks and who would seek to explain
Posted by
Loyola
Dec 15 '08, 14:40
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away the catastrophic loss of shareholder wealth to their shareholders as not of their doing. It's the "our loan book consists of responsible lending practices, the decimation of the share price bears no reflection at all to our management practices (therefore I should be kept in my job)
That being said, I thought the line about journalism was pretty insightful.
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