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Farmers 'hit hardest' in rate swaps scandal

From telegraph.co.uk

Farm owners are the latest group to emerge as apparent victims of the alleged mis-selling of the complex derivate products that produced large profits for high street banks but left thousands of small companies out of pocket. James Dean, managing director of advisory firm Legal Plus, said there are "many thousands of farmers with ... all manner of complex financial products which they simply shouldn't have. "The penetration [of swap sales] is about the same for farmers as for care homes and hotels, but my feeling is there's a much higher chance they were mis-sold to farmers and less chance they understood the ... (full story)

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