The Bank of England has launched a new secret bail out fund where taxpayers’ money will be given to the financial/banking sector. Some of these ‘shadow banks’ will be UK based in name only and pay little tax here:
It’s starting to look like 2008 all over again.
No wonder gold prices have risen 
Liz Truss caused this. Her opinion on on econ is not equal to toilet paper on a stormy night in the street gutter.
It’s still a secret fund, using taxpayers’ money to bail out the people who will probably be responsible for any problems.
How is it secret?
2020
Wait. Truss was in office for less than two months, over two years ago. That lady’s got some kinda superpowers.
DB2
She was put out of office for melting down the financial system. She is the worst of the worst when it comes to econ. Nothing worse today in the UK.
She blew up the bond market twice. The banks are still recovering.
BTW bob I am not talking some little wedge issue to blow up the best government policies.
I am talking a complete melt down in the UK because of them. No wedgies just hell froze over with her and them.
Stop acting like constantly doubling down on stupid makes her supportable or TFG supportable.
Please read the article! Payees will be kept secret.
Fine but she is one to talk. She drilled the UK bond or gilts market into the ground like an eji$
Fine but she is one to talk. She drilled the UK bond or gilts market into the ground like an eji$
That is the advantage of being out of power. You can snipe, and criticize, all day, but, since you aren’t the one doing anything, you have no accountability.
Steve
Said like a Democrat who forgets to snipe and criticise when in power as well.
From the article:
Ramsden, however, insists that keeping identities confidential is a lesson learned from that period, citing stigma as a significant factor that deterred institutions from seeking necessary liquidity support.
This is so English.