"“We have lent a huge amount of money to the U.S. Of course we are concerned about the safety of our assets. To be honest, I am definitely a little worried.” "

Chinese premier Wen Jiabao 12th March 2009

""We have a financial system that is run by private shareholders, managed by private institutions, and we'd like to do our best to preserve that system."

Timothy Geithner US Secretary of the Treasury, previously President of the Federal Reserve Bank of New York.1/3/2009

Saturday, December 22, 2007

Could there be any connection...

...between the diving pound sterling against the Euro and the willingness of the BOE to spirit up (and away ) unimagineable sums of money to support a second mortgage lender / bank (no make that 4th string) bank ...?

I only ask.


Stef said...

Given the mind boggling number of Euros brought into existence out of nowhere in the last few weeks a sterling fall is a damned impressive achievement.

I say

Sell banks

Buy wheelbarrows

Shutter said...

Counter cyclical theory says we should be stuffing it all into DPRK

(C) Very Seriously Disorganised Criminals 2002/3/4/5/6/7/8/9 - copy anything you wish