The alleged offences originated from HBOS's Impaired Assets team based at the Reading branch.

BBC: HBOS business loans: Eight charged

This is especially true for the banking systems in the troubled Eurozone periphery, whose banks are loaded up with impaired assets.

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Writing down financial assets when the market for them is impaired is sheer folly.

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The solution is for central banks to buy more assets in the markets that are most obviously impaired.

ECONOMIST: Central bankers wonder why success eludes them

The idea of writing down the value of financial assets when the market for them is seriously impaired or doesn't exist is sheer folly.

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