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UK Mulls Dramatic Banking Rescue Plan

Discussion in 'Economics and Financials' started by joeydolfan, Oct 6, 2008.

  1. joeydolfan

    joeydolfan Season Ticket Holder Club Member

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    UK Chancellor of the Exchequer Alistair Darling is considering a dramatic taxpayer-funded recapitalization of Britain's banks, the Financial Times reported on Monday on its Web site.

    On Sunday, Darling said he was "looking at some pretty big steps which we would not take in ordinary times".


    UK Mulls Dramatic Banking Rescue Plan - Britain * Europe * News * Story - CNBC.com


    And the dominoes continue to fall, eventually all the major countries will have to plan a bail out so we can have global socialism.
     

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