The Bank of England Steps In
The Bank of England Steps In April 21st, 2008 Perhaps anxious to put some distance between himself and the mistakes of his boss, the Chancellor of the Exchequer has announced his strong support for the Bank of England scheme to stabilise the financial markets. Under the scheme, banks will be able to swap potentially risky mortgage debts for secure government bonds to help them operate during the credit squeeze. In a statement to MPs, Mr Darling said the Bank’s intervention was necessary bec
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Tags: Bank, Bank of England, Credit, Debt, Government, Loan, Mortgage, Personal, UK