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1 posted on 09/18/2007 12:44:23 AM PDT by TigerLikesRooster
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To: TigerLikesRooster
The City has repeatedly criticised the Bank of England’s “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
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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.


3 posted on 09/18/2007 12:47:37 AM PDT by taxcontrol
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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
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To: TigerLikesRooster

Out up the Crown Jewels as collateral.


10 posted on 09/18/2007 5:29:46 AM PDT by montag813
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