Ep 9: The Extraordinary Story of John Stonehouse (with Sir Philip Augar)
Library of Mistakes
John Stonehouse's Little Bank, the Barber Boom
John Stonehouse's bank borrowed money to buy shares. The idea was that the illegal loans would be quickly paid off and no one would ever find out about it. In 1972, 1973, these were the years when Anthony Barber was Chancellor of the Exjekar. He wanted to relax credit in order to get the British economy booming.
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