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The new rule for any bank or financial institution in the world is don't be too dependent on any one source of funding - because in the stormy conditions on world markets, that funding can disappear, sending said bank crashing on to the rocks.
That's the main reason why HBOS last night agreed to be taken over by Lloyds TSB for £12bn.
- Cactus Moon
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Chicago: Open the Books, a government-spending watchdog group, reports that Chicago's #1 manufactured product is corruption.alexmark
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