Time for the banks to do their bit

Time for the banks to do their bit

Loan sales must happen, despite public anger. But rates need to drop for new borrowers

This year marks the tenth anniversary of the financial crisis. In the coming months, there will be plenty of milestones to remember. There was the St Patrick’s Day massacre of Irish bank shares, the fire sale of Bear Stearns, the collapse of Lehman Brothers, our own bank guarantee and many more painful events. Ten years on, this country is still living with some of the scars of the last crash.

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