analyticalwealth.com - 10/9/2008
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Following on yesterday's discussion of Britain's TARP here is a look at the latest news on the plan, which provides more details than what were available yesterday: (From BBC News):" The UK government has announced a package of measures aimed at rescuing the banking system that makes available ...
nytimes.com - 10/13/2008
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nytimes.com —
Has Gordon Brown, the British prime minister, saved
the world financial system? O.K., the question is premature...
we still don’t know the exact shape of the planned financial rescues in Europe or for that matter the United States, let alone whether ...
(more)
Op-Ed Columnist - Gordon Does Good
bankofengland.co.uk - 10/13/2008
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bankofengland.co.uk —
In order to provide broad access to liquidity
and funding to financial institutions, the Bank of England,...
the European Central Bank (ECB), the Federal Reserve, the Bank of Japan, and the Swiss National Bank (SNB) are jointly announcing further ...
(more)
News Release - US Dollar Liquidity Operations
bbc.co.uk - 10/12/2008
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bbc.co.uk —
The City of London has never seen anything
like it in its long and illustrious history. A...
quartet of our biggest banks have been negotiating all day today - and will continue to do so all through the night - with the Treasury, the Bank of England ...
(more)
Humbling of our banks
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The Need For Stronger Economic Leadership In Washington
Daily Markets —
... A lot of the pro-TARP rhetoric that was floating around up to the bill’s passage revolved around the idea that even if it wasn’t the best idea, there wasn’t enough time to come up with something better, something had to be passed immediately, there weren’t really any better alternatives, etc, etc. Arguments that have since been blown out of the water by the fact that the Brits … [ ...
Britain's Bailout Shows How Washington's Economic Policy Could Be Better
SeekingAlpha.com: Home Page —
... A lot of the pro-TARP rhetoric that was floating around up to the bill's passage revolved around the idea that even if it wasn't the best idea, there wasn't enough time to come up with something better, something had to be passed immediately, there weren't really any better alternatives, etc, etc. Arguments that have since been blown out of the water by the fact that the Brits were able to put together a vastly superior bailout plan for their banks in less than 24-hours. In other words: it wasn't that TARP was the best option given time constraints, the ...
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