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Brown Is ‘Angry’ With Banks for Financial Crisis, Mirror Says

Brown has it backwards, as most do. Lack of lending is a ‘good thing.’

It means ‘full employment’ can be sustained with much lower taxes for any desired level of government spending.

Too bad they are all out of paradigm and are letting things deteriorate while they agonize over the size of the deficit.

strong>Highlights

Home Retail Leads U.K. Retailers Lower on Margin, Sales Concern
BOE Needs New Instruments for Financial Sector, Gieve Tells BBC
Barclays Sees ‘Substantial Reversal’ in 10-Year Notes Next Year
Brown Pledges Further Measures to Get U.K. Banks to Lend
Brown Says Speed of U.K. Recovery Depends on Global Action
U.K. Shopper Count Worsens as Holiday Approaches, Experian Says
Bank of England’s deputy head calls for new tools
# Ireland unveils euro5.5 billion bank bailout


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