Jump to content
House Price Crash Forum
The Masked Tulip

Central Banks 100 Billion Bail-out

Recommended Posts

I started one here, but really only with the purpose of pointing out what it meant, rather than the details of it...

The point is they need more money next time, i think the fed will up it too 300 billion next time round.

Share this post


Link to post
Share on other sites
I think there have been so many bailouts of different types today that this one may have been missed in the flurry.

http://news.bbc.co.uk/1/hi/business/7289815.stm

Yep, that is the one. It happened early this morning and poor Declan was getting very excited on News 24 as the FTSE soared apparently. I have not checked since so it is probably down a few hundred points now. The central banks have put 100 billion - not sure if it is bucks or pounds - into the system that banks can draw upon.

There were rumours last night of one bank in NY going bust so maybe that prompted it - if one went then it would be domino season.

Share this post


Link to post
Share on other sites
There were rumours last night of one bank in NY going bust so maybe that prompted it - if one went then it would be domino season.

That'd be Bear Stearns. They don't seem to have gone bust just yet, but they're seeming quite shaky. Problem is, there's so many rumours flying around that it's hard to separate the meaningful stuff from the rubbish at the moment. I remember storiies that Lehmans were about to go under in the 1998 mini-crunch but they turned out to be totally bogus for example.

Share this post


Link to post
Share on other sites
That'd be Bear Stearns. They don't seem to have gone bust just yet, but they're seeming quite shaky. Problem is, there's so many rumours flying around that it's hard to separate the meaningful stuff from the rubbish at the moment. I remember storiies that Lehmans were about to go under in the 1998 mini-crunch but they turned out to be totally bogus for example.

Not at all - they very nearly did go under. As for Bear Stearns, they are only alive because they are being propped up by the Fed - much as NR was being propped up by HMT.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 297 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.