Bail Out goes global

Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!

You are not logged in or you do not have permission to access this page. This could be due to one of several reasons:

You are not logged in. If you are already registered, fill in the form below to log in, or follow the "Sign Up" link to register a new account.
You may not have sufficient privileges to access this page. Are you trying to edit someone else's post, access administrative features or some other privileged system?
If you are trying to post, the administrator may have disabled your account, or it may be awaiting activation.

Dow Jones replied

12 December 2007, 16:33
Good man

MB has got the right (positive) attitude for a contractor.
This BTW is not a new thing (banks lending to each other).
NR did that successfully for a no of years (borrowing money at lower IR from the US/Swi/etc at say 4% and lending at 5-6% in the UK).
Could anyone foresee the drying up of markets?
Didn't feature high enough in any RM strategy (10% or so)

(Expect a reply in 30 secs from you-know-who)

Last edited by Dow Jones; 12 December 2007, 16:33. Reason: spelling
Leave a comment:
milanbenes replied

12 December 2007, 15:27
Alexey,

don't worry about the details, whatever it is, it sounds like a good plan and we can all sleep well at night

Milan.
Leave a comment:
AtW replied

12 December 2007, 15:24
This isn't bail out - this is propping up market with liquidity - if central banks won't do that then banks that need money (but can't get them from other banks) will have to start selling shares and assets - and this will lead to crash in stock market as well as housing market, which would require other banks that did not need money to adjust their balance sheets, declare losses on investment etc.
Leave a comment:
ChimpMaster replied

12 December 2007, 15:24
Originally posted by milanbenes View Post

'cos I want the .Net area to keep strong and folks to have enough money to purchase plan b's products

Milan.
Leave a comment:
milanbenes replied

12 December 2007, 15:14
'cos I want the .Net area to keep strong and folks to have enough money to purchase plan b's products

Milan.
Leave a comment:
rootsnall replied

12 December 2007, 15:11
Originally posted by milanbenes View Post

_not_

What's going on here ?
Leave a comment:
milanbenes replied

12 December 2007, 15:09
excellent news, we do _not_ need a full blown recession

Milan.
Leave a comment:
sunnysan started a topic Bail Out goes global

12 December 2007, 15:04
Bail Out goes global

Nice, strategy Northern rock goes global

http://news.bbc.co.uk/1/hi/business/7140771.stm

Central banks act on credit fears

The central banks of the United States, European Union, UK, Canada and Switzerland are getting together to help banks deal with the credit crunch.
They are getting together to create a "temporary auction facility" that will allow cash-strapped banks to bid for loans in any of their currencies.
A first auction of $20bn is scheduled for next Monday, with another on 20 December and two more in January.
Banks judged to be in sound financial condition will be able to participate. "The Fed in conjunction with these other central banks is providing a ton of liquidity to the markets by year-end," said Greg Salvaggio at Tempus Consulting. "It will work in the short term as another interest-rate cut," he added.
Tags: None