Monday, Apr 21, 2008
Interesting view from Citywire editor on BOE intervention
Citywire: Bank of England £50bn bail-out leaves lenders exposed to housing crash
The Government's plan to restore liquidity to the banking system marks a £50 billion intervention into financial markets but aims to minimise taxpayer risk. The nature of the scheme shows that the Government is seeking to insulate itself from the risk of the housing market falling by between 10 and 30%.
Posted by jack c @ 03:50 PM (203 views) Add Comment
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