Saturday, Sep 27, 2008
Interesting point
Times Online: Bailout storm rages
One senior banker said: “People keep saying that banks are scared to lend to one another, but that’s not quite it. The money we lend is not ours, but our customers’. With everything going on in the markets, our corporate customers are only willing to deposit it overnight. It’s a corporate equivalent of all our personal customers moving their savings into their current accounts in case they need the money.”
Posted by stillthinking @ 11:31 PM (255 views) Add Comment
1 Comment
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. paul said...
Ahh, so when they lend it to us, it's their money. When they lend it to each other (or refuse to), it's our money.
I see what they've done there. Ah but hang on - its the Times idiota primera David Smith. No wonder.