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Crisis watch

All the attention is on politicians' expenses—but there are still plenty of fat cats in the boardroom. Plus, lessons from A Doll's House

By Jonathan Ford   July 2009

Lehman’s wrong lesson

It is nine months since the collapse of Lehman Brothers and the financial crisis is—so we are told—pretty much over. The banks are unfreezing and things are returning to normal. A host of American banks are queuing to repay the money they got from the US government last autumn under the Tarp scheme. In Britain, Lloyds TSB has been doing the same. “Here’s your money,” is the near universal refrain from the bankers to the politicians. “We want our laissez-faire economy back. If you won’t give it to us, we won’t lend and there won’t be any…

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