Saturday, September 27, 2008

I’m sure they bl**dy do!!

U.K. Banks Seek Government Funding Plan to Help Restart Lending

British banks are proposing the government help bail them out of losses from the credit crunch so they can resume lending, Industry executives held talks this week about different options, including the establishment of a so-called bad bank, run by the government. It would take over assets including mortgage-backed securities that declined in value with the collapse of the U.S. subprime home-loan market, said the people, who declined to be identified because the negotiations are confidential. Not in my name.

Posted by kernow @ 06:38 PM (507 views)
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