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murphz1

Listed below are comments made by murphz1 between Sunday, 4th January 2009 and Friday, 26th June 2009.

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Why banks must be allowed to die 1:01pm on 26 Jun 2009 The only reason we are in such a deep recession now, is that the US Government allowed Lehman Bros to die. This cannot be allowed to happen anywhere else in the Western world ever again. End of Story
Our banks 'have to lend more' 2:11pm on 04 Jan 2009 I am a commercial Finance Broker. The most ''commercially minded'' business finance lender at the moment is Dutch, following Barclays, Bank of Ireland, Bank of Scotland and the Irish Banks withdrawing form the market to a greater or lesser extent. Next I access funds form Japanese and other overseas sources. If guarantees are given to British Banks, I fear the overseas lenders would themselves withdraw form the market if they were not on a 'level playing field'. This would leave the less commercially minded British banks to return to not lending and the downward spiral continuing!

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