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Yes, but you have nothing to suggest that this would be the case. The connection to lending and borrowing is tenuous. There are many things on the books that c
by GreaterFool 8y ago
Yes, but you have nothing to suggest that this would be the case.
The connection to lending and borrowing is tenuous. There are many things on the books that can't be used to borrow against!
The article just says "assets". What if those were $1T worth of toxic derivatives? Still bad (for UK)?
I simply wish this article was better written and provided some useful and insightful information. $1T makes a nice headline and I guess that's all they needed.