The U.K. was the first to nationalize a bank … Northern Rock …
NOW they step in to “nationalize” at least partly the “former big” banks.
Market talk is, that tomorrow BEFORE markets open, an announcement from Mr Darling will be made.
Talk is, that the UK Govt. will take stakes in RBS, Barclays and TSB totalling around […]
As Fed and European CB’s still fumble around …
market melt down continues … Dow and S&P closed below their “round” levels …
Panic mode … no brain … just getting out of positions … deleveraging …
An old bear market saying is:
Today’s bids are tomorrow’s offers … B U T
Volkswagen did it the other way today […]
Today morning, Australia (100bps) and India (50bps) cut their rates, Japan stuck to its already low rates.
So hopes rise to see some more action this week.
Pimco’s Bill Gross recommends that the FED should cut rates down to just 1 % in October.
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