<a href="http://blogs.independent.co.uk/openhouse/2008/10/lessons-of-the.html">Hamish McRae: Lessons of the banking bailout</a>

Monday 13 October 2008 12:22 BST

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There are two immediate and obvious lessons from the huge public sector recapitalisation of UK banks and the associated flooding of the money markets with liquidity by the world's central banks.

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<a href="http://blogs.independent.co.uk/openhouse/2008/10/lessons-of-the.html">Hamish McRae: Lessons of the banking bailout</a>

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