Harringay, Haringey - So Good they Spelt it Twice!
Gambling, greed, the casinos and their bankers
HOW does a former British Building Society end up financing casinos in Las Vegas?
First you demutualise and later you merge with a Scottish bank of impeccable rectitude.
The eventual jackpot-sized losses came home to Lloyds and eventually to Muggins, the British taxpayer. Meanwhile, the bloke mainly responsible for this at HBOS has retired on £416k p.a. Who's paying for that, I wonder? You couldn't make it up!
HBOS played leading role in £11.5bn loans to US gambling industry
Article in The Guardian.
.
First you demutualise and later you merge with a Scottish bank of impeccable rectitude.
The eventual jackpot-sized losses came home to Lloyds and eventually to Muggins, the British taxpayer. Meanwhile, the bloke mainly responsible for this at HBOS has retired on £416k p.a. Who's paying for that, I wonder? You couldn't make it up!
HBOS played leading role in £11.5bn loans to US gambling industry
Article in The Guardian.
.
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