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    Barry has a point. The inclusiveness agenda started in the Clinton era. The sub prime lending dates from that time. Lending institutions were required by the Clinton regime to lend or face equalities/discrimation legislation when the clients were found commercially unsound. The same legislation was applied to re-mortages when people started defaulting compounding the debt.

    Our financial institutions purchased bundles of that unsecured debt. The proverbial pyramid.

    The rest is history & Gordon Brown.

    Watty

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