U.K. Banks secretively given £62Billion,Pension scheme crash of 2001

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Uploaded by on Nov 24, 2009

In 2008 the Bank of England secretly gave the Royal Bank of Scotland almost 62 billion pounds, while two other banks Lloyds and HBOS were merged after shareholders voted for the merge, but were unaware that £62 billion had been given to other banks while their share value plummeted.
The report following is on the Equitable Life Pension scheme which started to go broke in 2001 but is still refusing to compensate many shareholders today, which is yet another example of how long the financial regulators have failed to control the activites of banks ,pension schemes and other investment groups.

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