timesonline.co.uk - 12/18/2008
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A multibillion-pound package of measures aimed at getting the banks to restart lending to business will be announced by Alistair Darling next month, The Times has learnt. The Chancellor is considering a national lending scheme under which the Government would guarantee new lending to ...
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UK Report: New Government Scheme to Restart Business Lending
Calculated Risk —
From The Times: Alistair Darling aims to guarantee business lending The Chancellor is considering a national lending scheme under which the Government would guarantee new lending to businesses of all sizes as one of his leading options. If past loan schemes are followed, the Government would cover most of the risk on each loan, possibly up to 80 per cent, and the bank would bear the rest. The taxpayer could be faced with a big bill if companies defaulted, as some certainly would. The default rate of firms involved in government loan schemes since 1981 is 28 ...
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The Mess That Greenspan Made —
... claims drop more than expected - AP The Inflation Factor - The Big Picture Chrysler shuts down all production - CNN/Money Obama May Seek a Stimulus Plan Exceeding $850 Billion - Bloomberg 3 companies announce 4,900 job cuts as recession batters more industries - Chicago Tribune The growing threat of deflation - CNN/Money INTERNATIONAL China Slashes Fuel Prices as Economy Enters Slowdown - Bloomberg Alistair Darling aims to guarantee business lending - Times Online European data grisly ...
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