Wednesday, January 30, 2008

Secret Bank Loans

Chancellor Alistair Darling is to give new powers to the Bank of England to mount secret rescue operations for banks requiring emergency funds.

'Such secrecy would only apply where such emergency lending is temporary and limited in nature.'

If the system is that bad and secretive hedge funds, CDO's and SIV's are causing the problem surely more secrecy is not gonna help.

Look into my eyes, not around my eyes. lol. Lets all give the banks more secretive money and not ask for any accountability.

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