Friday, October 10, 2008

Run on the Banks

Alistair Darling ‘risking a run on the banks’ by refusing to bail out town halls

The Times learnt that some town halls were considering withdrawing all their cash from private institutions and putting it into more secure Government bonds. If dozens of councils follow suit this could lead to a damaging run on the banks, local government experts cautioned

Posted by mr. plant @ 01:39 AM (308 views)
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