Friday 9 December 2016

We were all happy to ride the bond wagon

Published 27/01/2012 | 05:00

I hope we sent a thank-you card with the cheque to the bondholders.

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The cheap money they loaned us enabled many landowners to sell land at high prices and developers to build and sell homes and commercial properties to those of us who decided to buy them.

It enabled bank shareholders pay capital gains and income tax on their profits.

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