http://news.bbc.co.uk/1/hi/uk_politics/7832418.stm
Ministers are understood to be considering creating a state-owned "bad bank" as part of government plans to stimulate the UK economy.
It would accept "toxic assets" - risky loans on many banks' balance sheets - easing the pain of the credit crunch.
I like their catchy slogan:
Ministers are understood to be considering creating a state-owned "bad bank" as part of government plans to stimulate the UK economy.
It would accept "toxic assets" - risky loans on many banks' balance sheets - easing the pain of the credit crunch.
I like their catchy slogan:
The New Labour Bank of Shyte, bankrupting taxpayers like you, for generations to come.
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