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

1. gardeniadotnet said...

Thursday, January 22, 2009 11:08PM Report Comment
 

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."

Thursday, January 22, 2009 11:10PM Report Comment
 

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.

Thursday, January 22, 2009 11:20PM Report Comment
 

4. gardeniadotnet said...

You see, it's all about trust.

Thursday, January 22, 2009 11:22PM Report Comment
 

5. mountain goat said...

gardeniadotnet - I suspect it is Mish' site. Blocking charts taken from his site.

Thursday, January 22, 2009 11:28PM Report Comment
 

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)

Thursday, January 22, 2009 11:29PM Report Comment
 

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