To: TigerLikesRooster
The City has repeatedly criticised the Bank of Englands Victorian reaction to the Northern Rock affair, after it refused to pump money into the financial system when problems first emerged in early August. They expect too much - pouring money into the system only reward irresponsible lending, and will lead to dreadful inflation.
2 posted on
09/18/2007 12:47:14 AM PDT by
BlackVeil
To: TigerLikesRooster
A wise man once said that if you have to stand in line to get your money out of a bank, you have already lost.
To: TigerLikesRooster
The incredible thing about all this is that no one has actually lost any money yet.
5 posted on
09/18/2007 1:17:42 AM PDT by
Vanders9
To: TigerLikesRooster
Out up the Crown Jewels as collateral.
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