|
The second wave of bank
bail outs and recapitalisations is announced. The actual figure
is unclear, but it seems that the first tranche back in October
(including £37 billion actual payments to banks and up
to £400 billion in reserve funding) has produced no free
flow of credit. Now, a whole load more cash will be shoved into
the change machine in order to make it work. A figure of £20
billion is bandied around, but it's not clear if this is new
or re-announced or what. It will include "Golden hellos"
of £2500 each to be issued to companies if they take on
extra staff. The piggy bank must be pretty empty by now.
The Sun; Tuesday 13/1/09 |
