Tuesday, December 18, 2007

Mervyn King Opening Statement to HoC

Mervyn King Opening Statement to HoC

An explanation of what has been going on in the money markets. One statement to note is "a unique feature of the U.K. banking system is that the amount the BoE lends to the banks each month is determined by the banks themselves"!!!!!! Generally, an interesting read.

Posted by who stole my pension? @ 08:55 PM (635 views)
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