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Halifax share windfall shrinks to £38 | Business | The Guardian

The cost of the banking crisis to private investors - many of them first-time investors - is spelled out by new research showing that the near £1,500 windfall of shares handed to millions of former members of Halifax when it converted from a building society has collapsed in value to £38.

On the second anniversary of the multi-billion taxpayer bailout of the banking system, research by the Guardian and stock broker Hargreaves Lansdown shows the devastating impact on the 7.6m Halifax customers who received free shares at its landmark stock market flotation in 1997.

Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Tue Oct 12th, 2010 at 02:21:16 PM EST
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