LONDON (Reuters) - The Royal Bank of Scotland and Lloyds Banking Group have told the government they may miss lending targets set as a condition for receiving more state support, The Sunday Telegraph reported.
If the wages aren't there to pay for the loans and the loans can't be sold to a third party investment entity, what else can we expect except a reluctance to lend? We'll see a sort of "official" recognition of this reality in America soon. But what the hell is so wrong with admitting this?
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