Saturday, Mar 22, 2008
Bail out what bail out - not me governor
bloomberg: Bank of England Seeks to Ease `Strains' in Markets (Update2)
Britain's central bank said it is ``not among'' those that the Financial Times reported earlier today were contemplating the purchase of mortgage-backed securities to smooth lending to consumers after a worldwide surge in borrowing costs. The Federal Reserve also denied it's in discussions to buy such debt.
Time will tell.
Posted by bystander @ 07:41 PM (195 views) Add Comment
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