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	<title>Comments on: Merv adopts FT plan to solve credit crisis</title>
	<link>http://ftalphaville.ft.com/blog/2008/03/26/11830/merv-adopts-ft-plan-to-solve-credit-crisis/</link>
	<description>FT Alphaville from FT.com</description>
	<copyright>Copyright The Financial Times Ltd 2006. "Alphaville", "FT" and "Financial Times" are trademarks of the Financial Times.</copyright>
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	<pubDate>Wed, 20 Aug 2008 11:00:49 +0000</pubDate>
	<lastBuildDate>Wed, 20 Aug 2008 11:00:49 +0000</lastBuildDate>
	<ttl>5</ttl>
	<language>en</language>

	<item>
		<title>by: T2K</title>
		<link>http://ftalphaville.ft.com/blog/2008/03/26/11830/merv-adopts-ft-plan-to-solve-credit-crisis/#comment-16024</link>
		<pubDate>Wed, 26 Mar 2008 18:38:21 +0000</pubDate>
		<guid>http://ftalphaville.ft.com/blog/2008/03/26/11830/merv-adopts-ft-plan-to-solve-credit-crisis/#comment-16024</guid>
					<description><![CDATA[Maybe it's time to test the UK Banks by changing their gearing rules such that they have to raise, say, £100bn by issuing new equity in short order.  Seems fair as the B of E (aka UK taxpayer) has bunged them at least that much one way or another, and any other business finding itself short of the readies would be obliged to do same or else ....]]></description>
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		<title>by: Paul Murphy</title>
		<link>http://ftalphaville.ft.com/blog/2008/03/26/11830/merv-adopts-ft-plan-to-solve-credit-crisis/#comment-16012</link>
		<pubDate>Wed, 26 Mar 2008 15:34:41 +0000</pubDate>
		<guid>http://ftalphaville.ft.com/blog/2008/03/26/11830/merv-adopts-ft-plan-to-solve-credit-crisis/#comment-16012</guid>
					<description><![CDATA[DH -- copy corrected!]]></description>
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		<title>by: Andrew Teasdale</title>
		<link>http://ftalphaville.ft.com/blog/2008/03/26/11830/merv-adopts-ft-plan-to-solve-credit-crisis/#comment-16011</link>
		<pubDate>Wed, 26 Mar 2008 15:26:35 +0000</pubDate>
		<guid>http://ftalphaville.ft.com/blog/2008/03/26/11830/merv-adopts-ft-plan-to-solve-credit-crisis/#comment-16011</guid>
					<description><![CDATA[As I said on this blog on March 11....

http://ftalphaville.ft.com/blog/2008/03/11/11506/concerted-central-bank-action/

"The trouble is this does not flush the proverbial out of the system. Ultimately the Central Banks may be forced to buy the real crap from the banks and then sell this onto an open market exchange (as opposed to over the counter). Once this happens central banks will be better able to influence economic activity through interest rate policy and raise rates if need be. 

We will still be left with the large issue of structural economic imbalances but we will no longer have the intense systematic financial risks which the makes the current crisis one to be feared. "

Andrew Teasdale

The TAMRIS Consultancy]]></description>
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		<title>by: pegnu</title>
		<link>http://ftalphaville.ft.com/blog/2008/03/26/11830/merv-adopts-ft-plan-to-solve-credit-crisis/#comment-16007</link>
		<pubDate>Wed, 26 Mar 2008 15:00:30 +0000</pubDate>
		<guid>http://ftalphaville.ft.com/blog/2008/03/26/11830/merv-adopts-ft-plan-to-solve-credit-crisis/#comment-16007</guid>
					<description><![CDATA[any purchasing of MBS would be utterly disgraceful.

“risk of losses on their lending should remain with banks"

if this is so, what would be the point of it anyway?]]></description>
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		<title>by: Anonymous</title>
		<link>http://ftalphaville.ft.com/blog/2008/03/26/11830/merv-adopts-ft-plan-to-solve-credit-crisis/#comment-16005</link>
		<pubDate>Wed, 26 Mar 2008 14:52:22 +0000</pubDate>
		<guid>http://ftalphaville.ft.com/blog/2008/03/26/11830/merv-adopts-ft-plan-to-solve-credit-crisis/#comment-16005</guid>
					<description><![CDATA[The U.S. Fed is already doing this so why not the BoE? Perhaps they can get the MBS at a very attractive price with put-back options; something that the Fed has not done. Finally, the purchase of MBS by the BoE will not resuscitate the MBS market since the housing itself is in a crisis - on both sides of the pond.

Also, both sides are also facing a growing consumer issue. What will the BoE do then? Buy ABS?

http://riskyops.blogspot.com/2008/03/risk-of-growing-consumer-debt-when-will.html]]></description>
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		<title>by: coffin dodger</title>
		<link>http://ftalphaville.ft.com/blog/2008/03/26/11830/merv-adopts-ft-plan-to-solve-credit-crisis/#comment-15999</link>
		<pubDate>Wed, 26 Mar 2008 14:23:01 +0000</pubDate>
		<guid>http://ftalphaville.ft.com/blog/2008/03/26/11830/merv-adopts-ft-plan-to-solve-credit-crisis/#comment-15999</guid>
					<description><![CDATA[Poor Merv's in a bit of a tizzy, isn't he?

Reactionary times call for reactionary measures, I guess.

At what point does confusion become a rout?]]></description>
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		<title>by: Dave Heasman</title>
		<link>http://ftalphaville.ft.com/blog/2008/03/26/11830/merv-adopts-ft-plan-to-solve-credit-crisis/#comment-15994</link>
		<pubDate>Wed, 26 Mar 2008 13:51:33 +0000</pubDate>
		<guid>http://ftalphaville.ft.com/blog/2008/03/26/11830/merv-adopts-ft-plan-to-solve-credit-crisis/#comment-15994</guid>
					<description><![CDATA[It's 2 quid on a Saturday]]></description>
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