"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
High Street Banks Ask for Extra Cash
Submitted by Derek Henson on Fri, 2008-03-21 17:00
in
?Mr King was also initially reluctant to sanction large-scale injections of cash into the UK 's money markets when funds dried up after the Northern Rock crisis. By contrast, bankers pointed out yesterday, both the Fed and the European Central Bank have pumped huge sums into their money markets to help US and European banks through the worst of the credit crisis.?
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