Wednesday, November 17, 2010
Loansharks at work
Irish crisis: why British government cut public spending
We are in the hands of loansharks. It is horrifying, actually. Well, forget it. We are having a Royal wedding soon. Cheer up!
Posted by ant @ 12:46 PM (1108 views)
2 thoughts on “Loansharks at work”
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icarus says:
It will be interesting to see whether the new BoE Bank Resolution Regime prevents the bondholder bailout and massive taxpayer liability type of resolution for failed banks that we’ve just seen in Ireland.
http://www.bankofengland.co.uk/pubs/speeches/2009/speech414.pdf and other BoE Bank Resolution Regime papers on the web.
icarus says:
Sorry, make that http://www.bankofengland.co.uk/publications/speeches/2009/speech414.pdf