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"content": "#FollowTheMoney 🧵 6/n This is important: in contrast to most other Central Banks, which simply sit out losses, the Bank of England has an indemnity arrangement requiring the Treasury to cover its losses. This has resulted in £38-£40 billion going in effect from taxpayers to private banks in 2023, and same this year. Adding a second hashtag: #SEEtheOligarchy\n\nFT article only for subscribers, I know (i get it through work). Here screenshots of key passages.\n\nhttps://on.ft.com/4bUtp80\nhttps://files.mastodon.green/media_attachments/files/112/061/301/099/047/024/original/da7a1e7c91fc350e.jpeg\nhttps://files.mastodon.green/media_attachments/files/112/061/301/401/583/145/original/2b071189b811bb39.jpeg\n",
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