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TEXT-Bank of England statement =2
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Posted on
Apr 21 2008 4:49 AM
by
adeal
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INFORMATION The Bank of England has announced a new scheme to enable banks and building societies to swap temporarily assets that are currently illiquid in exchange for UK Treasury Bills. This briefing note provides information about the purpose and nature of this initiative, to accompany the Bank's news release. ADDRESSING THE PROBLEM Financial markets are not working normally, which if left unchecked will have an impact on the wider economy. Across the world, there is a lack of confidence in assets created from packages of bank loans, most notably mortgage-backed securities.
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 Banks, Bill - 4/21/2008 11:35:49 AM
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| Thats too bad that Across the world, there is a lack of confidence in assets created from packages of bank loans, most notably mortgage-backed securities. What is the government doing? |
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