Banks to make Britain go bust

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The structure and way that banks operate make them destined for failure. The taxpayer has footed the bill for bail outs too many times before, so the banks should be taking responsibility for their actions.

Banks to make Britain go bust

The Crunch is about to bite again.

First, the US housing market nose-dived, racking up huge sub-prime loan losses for the banks. They cut their customers’ credit lines, passing on the pain to the rest of the world economy. Property prices and stockmarkets plunged.