January 20, 2009

New bank bailout plan

Story link: New bank bailout plan

So, you cannot get a loan for a small business without a highly detailed business plan and of course, without specifying the exact amount required.
On the other hand, if you are the Government, you can just walk over and take what ever cash you need when you please?

New bank bailout plan

The Treasury has formally announced a scheme to allow banks to exchange cash or shares for a Government guarantee on their “toxic” debts, transferring any losses they suffer from the banks to the taxpayer.
However, the Chancellor admitted he can’t estimate how much taxpayers’ money will needed in the latest bailout.

Leave a Reply

 

Related financial stories:

No related posts

 

Previous: « Royal Bank of Scotland in trouble
Next: Should banks lend? »

Visited 308 times, 1 so far today


 

Latest Posts:

Most Read Today:

Most Read To Date: