Tuesday, Sep 18, 2007
We've only just begun.........
Bloomberg: Bank of England makes emergency loans
The Bank of England made emergency loans to U.K. banks to shore up confidence in the financial system, saying it received ``intelligence'' that demand for money may prolong a surge in overnight borrowing costs.
Posted by swiss toni @ 11:07 AM (211 views) Add Comment
1 Comment
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1. Orwell said...
"...Regulatory officials insisted today that the Newcastle, England-based bank is ``solvent,'' after Chancellor of the Exchequer Alistair Darling yesterday pledged to reassure savers that it will guarantee all deposits held there..."
This gives me great confidence.