Thursday, Jan 17, 2008
Brown Alert!
BBC News: Darling calls for market action
You have to laugh if it wasn't so serious.
"Policy makers must act quickly to tackle the "enormous" problems faced by the world's financial markets, Chancellor Alistair Darling has said....
.... European central banks have acted to prevent global credit markets freezing by injecting liquidity."
Now wasn't it this same "injecting liquidity" that got us into this sorry mess.
Posted by paul @ 09:40 AM (292 views) Add Comment
2 Comments
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1. handle_it said...
Can't he just ask the nice man at the money factory to print a bit more ?
2. bystander said...
'He said that the UK, along with France, Germany and Italy "share the objective of doing everything possible at government level, and separately by the central banks, to find a solution to the crisis on financial markets and prevent future crises".'
Wouldn't it have been better to have the proper checks in place to regulate the sharks of Wall Street and the City before this whole thing blew up?