Thursday, Jan 22, 2009
Recurrent theme
Mish: Pound Sinks As Britain Teeters On Edge Of Bankruptcy
The British Pound has imploded on fears of bank nationalization and Prime Minister Gordon Brown’s plan to give the Bank of England unprecedented powers to buy securities.
Posted by gardeniadotnet @ 11:02 PM (594 views) Add Comment
6 Comments
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1. gardeniadotnet said...
2. mountain goat said...
nice one - "The Government's bail-out of the banks in October with £37 billion of taxpayers' money was supposed to have "saved the world", according to the PM, but now it is clear that it has not even saved the banks. Our money kept the show on the road for only three months."
3. gardeniadotnet said...
Moderator(s):
The chart posted @11.08pm appeared for a few seconds, then vanished.
It might be my problem, but I suspect it's yours.
4. gardeniadotnet said...
You see, it's all about trust.
5. mountain goat said...
gardeniadotnet - I suspect it is Mish' site. Blocking charts taken from his site.
6. jack c said...
Interstingly the subject of "is Britain bankrupt" was posed as a question on tonights BBC question time show - the usual political sidestep the question was as usual the order of the day (or night)