Tuesday, September 18, 2007
We’ve only just begun………
Bank of England makes emergency loans
The Bank of England made emergency loans to U.K. banks to shore up confidence in the financial system, saying it received ``intelligence'' that demand for money may prolong a surge in overnight borrowing costs.
Posted by swiss toni @ 11:07 AM (500 views)
One thought on “We’ve only just begun………”
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Orwell says:
“…Regulatory officials insisted today that the Newcastle, England-based bank is “solvent,” after Chancellor of the Exchequer Alistair Darling yesterday pledged to reassure savers that it will guarantee all deposits held there…”
This gives me great confidence.