Wednesday, September 19, 2007

U-turn erodes Bank’s credibility

U-turn erodes Bank’s credibility

...It is not clear what the latest intervention is meant to achieve. The Bank will offer three-month liquidity at a penalty of at least 1 per cent above its base rate, an offer that will only appeal to banks in difficulties...

Posted by bobed @ 07:28 PM (712 views)
Please complete the required fields.



7 thoughts on “U-turn erodes Bank’s credibility

  • “Mickey Mouse is, to me, a symbol of independence. He was a means to an end” (Quote from Mr Walt Disney) – Just wondering who Gordon’s latest Mickey Mouse is in the U.K?

    Reply
    Please complete the required fields.



  • Did anyone on this site ever come even close to thinking that the BoE was independent??????

    Everyone knows it is all bsht and bluster, and that at the end of the day Gordons cronies in BoE have to do what they are told.

    At least David Kelly had the guts to leak the truth – I doubt if mErv will have the guts to do that.

    Reply
    Please complete the required fields.



  • I hope Merv does the decent thing and resigns now. Gotta be tough for him but it would be sad for him personally if he sticks around and spends the next couple of years fire-fighting as the economy burns to the ground. Resigning would be a two fingered salute to GB and AD.

    Reply
    Please complete the required fields.



  • tyrellcorporation says:

    I agree, Merv should go now and take a nice consultancy job somewhere. Leave Gordon & co to clean up there own mess. MK has obviously been leant on and it stinks of corruption. Due to panic and political meddling we’ve had two potentially distastrous decisions this week, the Fed cut and this massive bailout by the BoE where we are now underwriting the banks bad decisions on lending. Utter madness, King should go now!

    Reply
    Please complete the required fields.



  • dohousescrashinthewoods says:

    The big brown thumb is firmly in the rectal camity. Independence has been recinded and Mervyn must be stinking mad.

    I for one will cheer him if he resigns and shoves the sorry mess back in Gordon’s face. We will then see an ultra-line-toeing puppet installed at which point Gordon will receive full marks on his golden rule and we as a nation will, in our handbasket, have arrived at the destination the prime minister is so happy to see us at for the sake of his career.

    What career? If this country joins the Zimbabwe club, there will be no career. I am very cross. This demonstrates how bad politics is contrary to the best interests of the country.

    Reply
    Please complete the required fields.



  • dohousescrashinthewoods says:

    I would be so happy for Mervyn to make one last defiant stand as he resigns and declare,

    “Gordon, I am resigning because of you. You are a self-interested, manipulative liar, who has architected the downfall of a great nation for the sake of your own fat ego. I will have nothing more to do with this corrupt shambles that you pass off as politics which brings into disrepute the tireless, genuine efforts of thousands of MPs, civil servants and public workers. Over the last decade, you have recinded truth, civil liberty, good governance and national development. You are a snake in the grass and my only regret is that I did not do this sooner”

    The man would get a standing ovation.

    Reply
    Please complete the required fields.



Add a comment

  • 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

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>