Quote:
Originally Posted by Ignitionnet
This would be the theoretical value of the banks being guaranteed by the UK government and therefore having access to cheaper wholesale funds.
Not exactly the same thing as HSBC being loaned money by the BoE at subsidised rates, so where are HSBC's subsidised loans?
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You don't think this "insurance scheme" free and how do they repay us for getting them this cheap money, by charging us a much higher interest rate than they borrowed it at and paying relativly begger all tax on the profits.