(December 16, 2010 at 3:01 am)Loki_999 Wrote: What? This is news? Come on, its normal business practice. Looking after their own interests.
It would be more of a headline if is was: "Big business players NOT colluding to protect their own interests". That would be a worldwide shock!
Quote:Bank of England governor suggested new group of UK, US, Swiss and Japan could facilitate global bailout, cable shows
The Bank of England governor, Mervyn King, was so concerned about the health of the world's banks in March 2008 that he plotted a secret bailout of the system using funds from cash-rich nations, according to a US embassy cable released by WikiLeaks.
Six months before the world financial crisis reached its peak, forcing taxpayers to rescue collapsing financial institutions, King told US officials in London that the UK, US, Switzerland and Japan could jointly enable a multibillion-pound cash injection into global banks, overriding the "dysfunctional" G7 nations.
The leak may allow King to claim that he – rather than Gordon Brown – was one of the brains behind the bailout of the banks
http://www.guardian.co.uk/business/2010/...nk-bailout
The world is a dangerous place to live - not because of the people who are evil but because of the people who don't do anything about it.
- Albert Einstein
- Albert Einstein
