<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <HTML><HEAD> <META http-equiv=Content-Type content="text/html; charset=US-ASCII"> <META content="MSHTML 6.00.2900.2722" name=GENERATOR></HEAD> <BODY id=role_body style="FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Arial" bottomMargin=7 leftMargin=7 topMargin=7 rightMargin=7><FONT id=role_document face=Arial color=#000000 size=2> <DIV>CB: Why wouldn't bankers like high interest rates ?<BR>*************************************************************************************************</DIV> <DIV>Because low rates actually means more business, more credit is extended, more turnover is accelerated. High rates would mean the piercing of many ongoing asset bubbles, especially housing as that debt has to be repaid at more onerous terms in times of stagnating incomes. Therefore less business for bankers, less bonuses and beach houses to buy for themselves.</DIV> <DIV>Cristobal Senior</DIV></FONT></BODY></HTML>