Wednesday, October 8, 2008

Too little, too late, the price of prevarication

Rescue plan for UK banks unveiled

The UK government has announced details of a rescue package for the banking system worth at least £50bn. It will make extra capital available to eight of the UK's largest banks and building societies. In return for the funding, the government will receive preference shares in those institutions.

Posted by eternal sceptic @ 07:45 AM (578 views)
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2 thoughts on “Too little, too late, the price of prevarication

  • Mr D interviewd live on BBC 5 mins ago stated that all UK deposits in Icesave will be FULLY protected – the Icelandic authorities admit their compensation scheme cannot meet the liabilities – Statement to be made to the House later today.

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  • This is very significant…..he’s promised to bail out individuals who have engaged in offshore gambling – for that can be the only reason people would use such obscure ‘vehicles’. Where does this end – can I have the stuff I blew in Vegas back please, darling?

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