Wednesday, July 1, 2009

The Times nails its colours to the mast

Bank run

Reflating the economy must be an imperative, no matter where the gains fall politically. This newspaper supported the Government’s bank rescue. But the reason for recapitalising the banks was so that they could start lending again.

Posted by devo @ 12:11 AM (971 views)
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2 thoughts on “The Times nails its colours to the mast

  • mark wadsworth says:

    So The Times has never heard of debt-for-equity swaps either.

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  • waitingfor hpc says:

    yeah- but who wants to borrow now. they miss the point. we have too much debt, people are maxed out – and those that can borrow have no interest in doing so.

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