Wednesday 4 February 2009

We've lent £185 bn to banks

God help us.

http://www.bbc.co.uk/blogs/thereporters/robertpeston/2009/02/weve_lent_185bn_to_banks.html

If you cut through all the waffle, it seems that the government is paying large sums of money for worthless assets. Surely they can't be doing this for my benefit, or yours? No, I rather think that this intervention is on behalf of our real rulers, the banks.





No comments: