Mac bank are not buying anything of quality for the next 2- 4 years. They have too many anchors stuck in "reef 2007-08" to move very far fast.
The wind is out of their sail for the foreseeable future, you could see that fact in the new MDs face as he said good buy to Moss, all those months ago. He was majoraly pissed - and he had no idea of the perfect storm ahead, that has have almost past and are we to endure the consequense for some years to come.
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