The Caithness Business Index has posted the following article:
Banks Will Go Bust Because Of Flooding - Richard Murphy
http://img.youtube.com/vi/2lwCUe15P_I/2.jpg About 85% of UK bank lending is secured on property. And as a senior bank risk manager told me recently, most of that is going to flood sometime in the next thirty making it pretty much useless for this purpose. [Read Full Article]
