Dec. 12 (Bloomberg) — Prime Minister Gordon Brown said the U.K. is working on the “second stage” of a bank rescue intended to channel more cash to consumers and businesses as the economy slides into recession.
“What we’re doing is to make sure the second stage of the recapitalization happens as effectively as possible,” Brown said in Brussels today. “We want to see the banks do more to make sure that small business, that every business, feels satisfied. We will do whatever it takes…”
UK CDS to the moon!
(HT Sean Corrigan at Diapason Commodities Management).
Related links:
Brown says UK working on ‘second stage’ of bailout – Bloomberg
And on Wednesday, Gordon Brown saved the world – The Guardian
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