Another wobbly bank

[DimPrawn]

http://news.bbc.co.uk/1/hi/business/7296678.stm

US bank Bear Stearns has got emergency funding from the Federal Reserve of New York and JP Morgan Chase.

The emergency cash will be available to Bear Stearns for 28 days and as necessary, JP Morgan Chase said.



I wonder when the next UK Northern Rock will emerge? Not long I suspect.

[sasguru]

That's been on the cards for days. And there are more...

[BrilloPad]

That's been on the cards for days. And there are more...

well JPM for a start! I do hope thhis means that Tony Bliar does not get paid.

[Archangel]

I wonder when the next UK Northern Rock will emerge? Not long I suspect.

Alliance & Leicster?

[BrilloPad]

Alliance & Leicster?

Any evidence for that?

[Marina]

That's been on the cards for days. And there are more...

British, Yank, or other?

You're right not to mention names though SG - I was about to post to the effect "Let's hope bank XXX is OK, as my company account is with them and they have good terms". But in these days of frenzied rumour and speculation even that could be misconstrued as a sarky hint that they are anything but OK!

[BrilloPad]

British, Yank, or other?

You're right not to mention names though SG - I was about to post to the effect "Let's hope bank XXX is OK, as my company account is with them and they have good terms". But in these days of frenzied rumour and speculation even that could be misconstrued as a sarky hint that they are anything but OK!

yeah - I was watching Mary Poppins yesterday - look what happened when that boy tried to withdraw his tuppence to feed the birds.

[MrRobin]

yeah - I was watching Mary Poppins yesterday - look what happened when that boy tried to withdraw his tuppence to feed the birds.

What the world needs now to get out of this turmoil is Supercalifragilisticexpialidocious