Relevant:
- Banks Put Stranglehold On Credit
- The dynamic central banking duo -- ECB balance sheet up over €3.1 trillion mimicking Fed balance that is close to $3 trillion. Shuffling toxic assets into darkness.
- EVEN GOOD BANKS SEE SHARES HIT
- Banks Plan To Dump $50 Billion In Troubled Mortgages On Taxpayers
- Ending the off-balance sheet charade
2008-04-16 — bbc.co.uk
The Bank of England is poised to launch a new lending programme for UK banks in an effort to break the logjam in the credit market, the BBC has learned.
Brits set to follow their peers on the continent and the ringleaders in the 'states in taking garbage onto their balance sheet. Taxpayers of the world, rejoice!
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