Monday, Sep 24, 2007
the financial system especially vulnerable to shocks, it reveals in its quarterly bulletin published on Monday.
ft.com: Bank feared 'snowballing' funding need
The Bank of England had feared a "gathering snowball" would be created by financial institutions' need for short-term funding, leaving the financial system especially vulnerable to shocks, it reveals in its quarterly bulletin published on Monday.
Posted by chris @ 12:30 PM (242 views) Add Comment
1 Comment
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1. alan said...
The Bush administration is now discussing how to tighten regulations, amid predictions of up to 500,000 foreclosures on sub-prime mortgages next year (says the BBC website, this afternoon).
Watch for a bigger snowball......