We’re being told that the taxpayer has recovered the £20-odd billion pounds hosed into Lloyds Bank when it went bump in 2008. But why was that necessary? Lloyds Banking Group collapsed into insolvency because Gordon Brown had a word with the spiv running it at a party and got him to take over Halifax Bank of Scotland to save Scottish jobs to do Brown a political favour.
Unfortunately, no one at LBG took the trouble to check how HUGE the Brown Hole in the accounts of HBoS was, and both banks fell into it. So much for Gordon Brown as a financial genius.
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