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Subject: Beware of the real winners in the de-mutualisation disaster
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slicedcake


Activist
Activist
Posts:313
13/10/2008 11:56 AM Alert 

http://www.guardian.co.uk/business/2008/sep/29/bradfordbingley.creditcrunch

"The MPs argued that the cost of servicing investors added 35% to a bank's costs and outweighed the benefits to its customers. The real winners were the executives who ran the building societies at the time of conversion.


AAARGH!
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Forums > General Discussion > General Discussion > Beware of the real winners in the de-mutualisation disaster


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