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Clarity needed over bank debt

We are told that successive governments are being forced to borrow massive amounts of money to finance the bailout of their banks which, unlike entire countries it seems, are too big to be allowed to fail.

These governments are raising the money by the issuance of gilts which are sold to investors on the various money markets.

Can somebody assure me that the investors to whom we are selling debt obligations do not include the banks that the debt was created to save?

DES SENIOR

By e-mail

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