Wednesday, May 20, 2009
Strangely familiar
The Telegraph: More banks may have to be nationalised, says IMF
The Fund believes that although the drastic measures to prop up Royal Bank of Scotland, Lloyds Banking Group and other major lenders had prevented them from collapse, more public money needs to be poured in if the economy is to get back to full strength. The alternative is a "zombie" recovery as banks continue to withhold lending for years, the IMF has told the Treasury
Posted by devo @ 09:50 PM (394 views) Add Comment
2 Comments
- 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. crunchy said...
Looks like Alistairs Christmas recovery is out of the window together with the turkey, Gordon. Gloomy indeed.
Along with that short lived dream/lie, what also isn't a suprise is that the banks need more of our kids money to lend out to us adults,
of course with interest slapped on for good measure. Is it just me or do others have a problem with that?
It's not only pensioners and savers that are getting robbed here. This Green Shoots nonesense I fell is just a way of making these gigantic
ongoing cash injections more acceptable to the desperate UK taxpayers who really are missing a trick and only see a property recovery
getting closer and closer and closer and closer, but not acknowledging that banks are running further and further away.????
With all this stock market pumping and ramping banks still need more money. The "crash" is still very much on course.
2. crunchy said...
Is the housing market now the backbone of our economy? and if the answer is yes, that would prompt some very worrying concerns for
me. The pending crash being the least!