Between the devil and the deep blue sea

Whatever the government did, the bill was going to be huge, writes Cliff Taylor

17th July, 2010
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History is written by the winners, they say. But in the absence of any winners from the bank saga, both the government and the opposition parties are trying to use the documents published about the run-up to the September 2008 bank guarantee to put forward their own version of what happened.

The question of whether the government could have handled the crisis better needs to be put in context. The most costly policy mistake was letting...

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