Sunday, September 2, 2007

More on Bank of England Emergency Lending

Bank under fire after market turmoil

The Bank of England faces mounting pressure from big banks to reveal more details of its emergency lending after cryptic statements about multi-billion pound loans sparked panic in the financial markets.

Posted by hotfoot @ 11:33 AM (909 views)
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5 thoughts on “More on Bank of England Emergency Lending

  • I knew it!

    The bank’s policy of retaining anonymity for troubled borrowers is creating far more problems than it is solving. Coupled with the revelations about the extent of Barclays sub-prime losses, all bets are off on Barclays being the one to be shaken loose of the pack when all is done.

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  • And another thing (sorry I’ve had a few beers).

    The bank of england created this mess (under Eddie George). They are responsible for cleaning up after themselves.

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  • They won’t let Barclays go bust though…

    But then again maybe they should as a hard lesson to them all….

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  • Name and Shame! (Came over a bit Jeremy Kyle there)

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  • What does it say when the people in the know (Barclays’ peers) won’t lend to Barclays?

    It begs the question of why the BofE is lending to Barclays

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