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Simon Jenkins was right. The French were exempted for as long as it suited them. Thats the point he was making and it is ironic that they (as well as others) are squealing about the Uk wanting the same. Agincourt had nothing to do with the EU as it happens.

 

Fannie Wet and Freddie fuck or whatever they are called will long be given as an example of the dangers of socailly engineering certain markets but whilst the credit agencies were incompetent and working in an unethical Arthur Anderson manner, no bank has swallow their ratings. Just as when I conduct a credit assessment of a business, I do not automatically follow Duna nd Bradstreet's assesment (and certainly not certain otehr agencies who are clueless).

 

The banks were still to blame and worth remebering that far from every bank called it wrong. HSBC and to a lesser extent Barclays (correct me if im wrong) were relatively unaffected


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