With elections near and joblessness still so high, Congress and even the Fed are chasing short-term solutions that won’t really help matters. More finely targeted policies would be effective, but don’t expect any until, with lu…
China’s holdings of U.S. Treasury bonds are so huge that they’d be a financial “weapon of mass destruction” if Beijing were dump them all quickly. But a closer look at the data and some recent trends suggests that China’s power…
British banks may require further taxpayer funds, with borrowing needs potentially hitting £25 billion pounds ($39.5 billion) a month, according to a think-tank.
The independent New Economics Foundation said that central bank data indicated the banks are facing major funding problems, Reuters reported.
Finance Minister George Osborne dismissed the suggestion.
“I am certainly…
Continue reading British Banks May Need More State Funds: Think Tank
British Banks May Need More State Funds: Think Tank originally appeared on DailyFinance on Mon, 04 Oct 2010 07:48:00.
Filed Under: Company News, Economy, People, Taxes, Credit, Currency
China’s holdings of U.S. Treasury bonds are so huge that they’d be a financial “weapon of mass destruction” if Beijing were dump them all quickly. But a closer look at the data and some recent trends suggests that China’s power…
China’s holdings of U.S. Treasury bonds are so huge that they’d be a financial “weapon of mass destruction” if Beijing were dump them all quickly. But a closer look at the data and some recent trends suggests that China’s power…