Despite banks making profits out of QE, they then make profit out of Bank of England rates....
http://www.bbc.co.uk/news/business-11369237 The Banks can't lose, they get a bailout when they fail, QE means they make money out of the rich because they reinvest in shares, and when the Bank of England reduces its rates, the high street banks don't pass on the reductions to make even more profit!!! Talk about light touch regulation George Osborne (Gideon)!!!
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