Originally posted by AlfredJPruffock
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The doomiest doom of all doomdom
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scary thing is, as the pound devalues so the debts get even bigger.
The British government faces an excruciating choice. It cannot let Royal Bank of Scotland and its fellow mega-banks go to the wall. Yet it risks being swamped by the massive foreign debts of these lenders if it takes on their dollar, euro and yen exposure by opting for full nationalisation.I'm alright JackComment
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