Bradford & Bingley Latest UK Bank Failure


	Bradford & Bingley Latest UK Bank Failure

abailart

9-26-2008 6:20 PM

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tags:

economics

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9-26-2008 7:23 PM

carrerinyes

The tip of the iceberg I fear.

9-26-2008 9:00 PM

The REAL Napster

When the great American ship sinks, it takes all onboard with her. Including other nations.

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Bradford & Bingley could be nationalised to save it from collapse. <BR />Ministers are considering a dramatic plan to merge it with Northern Rock to create a publicly-owned ‘superbank’. Sources stressed that depositors’ cash would be guaranteed by the Government. <BR />The desperate rescue scheme emerged at the end of another tumultuous week in the global financial crisis. <BR />It would be the Government’s most drastic action to shore up the banking system since the Northern Rock debacle.
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