Monday, September 24, 2007

the financial system especially vulnerable to shocks, it reveals in its quarterly bulletin published on Monday.

Bank feared 'snowballing' funding need

The Bank of England had feared a "gathering snowball" would be created by financial institutions' need for short-term funding, leaving the financial system especially vulnerable to shocks, it reveals in its quarterly bulletin published on Monday.

Posted by chris @ 12:30 PM (576 views)
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One thought on “the financial system especially vulnerable to shocks, it reveals in its quarterly bulletin published on Monday.

  • The Bush administration is now discussing how to tighten regulations, amid predictions of up to 500,000 foreclosures on sub-prime mortgages next year (says the BBC website, this afternoon).

    Watch for a bigger snowball……

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