Douglas Carswell's Blog

Saved! We've been saved!

Phew! We've be saved! The government is going to give billions of pounds to the banks. Who will then lend it on to businesses. And this extra debt will make us all rich, apparently.

The experts in the Treasury say so, so it must be true.

It will sort out the zombie banks, this giving them more handouts. Like it did in 2008.

Who knew that the answer to the credit crunch was so easy? If only Gordon Brown had thought of handing money to the banks as a way of saving the world!

Who knew that the way to deleverage from a debt crisis was to increase public debt and government-backed lending?

As Fannie Mae showed, what could possibly go wrong with a billion pound state-backed lending scheme?

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