2009-01-18 — calculatedriskblog.com
"THE Treasury will tomorrow drastically revise the terms of last October’s bank bailout and say it will guarantee at least £100 billion of new lending.
...
Three key proposals are being finalised. The government will offer guarantees on new consumer loans, outline plans to ringfence “toxic†assets on bank balance sheets and propose to refinance the preference shares that were used to rescue Royal Bank of Scotland and HBOS. "
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