Friday, 26 February 2010

Lloyds losses

"This will be a considerable disappointment to Lloyds sharholders. Given that information about the depth of the crisis at HBOS was withheld from them before the takeover by the Treasury, they must be fuming even more! I'd imagine they have a good case for compensation."

No they bloody don't. Investing is supposed to be a long-term process - if they don't like it when bad things happen, they can go and swivel. That's the market kids.

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