A short presentation about the bloated UK banking sector and the practice of ‘taking a haircut.’
‘In common financial jargon, a ‘haircut’ is used to describe a financial loss on an investment. To ‘take a haircut’ corresponds to accepting less than what was owed.’
Following the 2008 banking meltdown UK taxpayers lent the banking sector 137 Billion. They’re going to take a haircut but what kind of haircut do you think is likely?
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