Wednesday, Jul 01, 2009
The Times nails its colours to the mast
Times: Bank run
Reflating the economy must be an imperative, no matter where the gains fall politically.
This newspaper supported the Government’s bank rescue. But the reason for recapitalising the banks was so that they could start lending again.
Posted by devo @ 12:11 AM (651 views) Add Comment
3 Comments
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1. mark wadsworth said...
So The Times has never heard of debt-for-equity swaps either.
2. waitingfor hpc said...
yeah- but who wants to borrow now. they miss the point. we have too much debt, people are maxed out - and those that can borrow have no interest in doing so.
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