from the BBC:
"The Bank of England also announced that it would inject £4.4bn into financial markets, offering cheap credit through a so-called emergency tender at a rate of 5.75%."
All this will do is inflate the bubble again and delay the crash. I assumed this is tax payers money going into these banks, who will give it away in city bonuses to a select few.
"The Bank of England also announced that it would inject £4.4bn into financial markets, offering cheap credit through a so-called emergency tender at a rate of 5.75%."
All this will do is inflate the bubble again and delay the crash. I assumed this is tax payers money going into these banks, who will give it away in city bonuses to a select few.
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