Wednesday, December 17, 2008

But I thought Gordon Brown had saved the world with his economic genius?

Taxpayers face new pain as Gordon Brown's bank bail-out fails to stop credit crunch

In comments which raise the ultimate prospect of wholesale nationalisation of the British banking system, Mervyn King said that "additional measures" are now needed to solve the crisis. The £500bn rescue plan unveiled by the Prime Minister in October and since copied throughout the world is not encouraging banks to lend more to families and businesses, he said.

Posted by flintster1994 @ 08:17 AM (631 views)
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