Sunday, Apr 20, 2008
Will this medicine give us "the runs"?
Bloomberg: Bank of England to Detail Swap Plan for Easing Credit
Darling said ``One analogy is someone who has gotten dose of food poisoning and in some aspects that just has to work its way through the system,'' ... ``We can help the process and the Bank of England's measures tomorrow will help the process, which in turn will help the housing market.''
Posted by alan @ 02:28 PM (331 views) Add Comment
4 Comments
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1. A Saver said...
``One analogy is someone who has gotten dose of food poisoning and in some aspects that just has to work its way through the system,'' he [Darling] said.
Nah, it's the correction in house prices that has to work its way through the system.
Now go sit at the back of the class and put that pointy hat on!
2. paul said...
The analogy works so far. In curing the banks' constipation it will make the taxpayer very ill for a very long time.
3. Waitingtobuy said...
did he not say "---which in turn will help the housing market,which is very important to us"----because the uk econemy is based on house prices!!!!
4. yorkshireman said...
Not a good analogy methinks. You cannot expect to cure this by treating the symptoms. Unless you eradicate the source of the infection, it just keeps going and getting worse. What we need is MiracleClean. Kills 99.9% of all problems. Free House Price Crash with every bottle.
Sorry, must dash, nature calls again !