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Headline

Freshfields, Linklaters, A&O land Lloyds' record-breaking rights issue

Comment

Lovely to see all the usual suspects lining up at the trough of shareholder deceipt that is Lloyds. "[Forte]Give us your support to buy HBOS! [Sotto voce] It's only got a hidden £25bn in unfunded liabilities that only the BoE will touch]" Add to that this scandalous rights issue. Fund mangers will nevertheless happily sign their clients' money up to an institution whose future shape, post Euro-regulator break up, is completely unknown. Still, they all get fat commissions, paid for by pensioners, so who cares! I live in Hampshire yet I can hear the vortex from here.

Posted date

25-Nov-2009

Posted time

2:49 pm

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