Wednesday, September 28, 2011

Banks need to throw caution to the wind to keep debt (ahem credit) flowing to prop up house prices

* Business * Financial policy committee Financial markets face 'severe strains', warns Bank of England

Banks need to run down their reserves to keep lending going, say the wise men at the FPC. But at the same time they should naturally take any opportunity to strengthen their balance sheets.

Posted by nickb @ 11:15 AM (877 views)
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One thought on “Banks need to throw caution to the wind to keep debt (ahem credit) flowing to prop up house prices

  • We're All In This Together says:

    Legal question: if someone were to advocate descending on the City of London en masse and hanging every banker from a lamp post, would that constitute an offence?

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