John Hemming's Web Log John's Reference Website
Saturday, January 19, 2008
  Another Brown fiddle
The link relates to the plan for the government to sell its loan to Northern Rock whilst continuing to guarantee repayment. This is actually much worse a position than they are currently in. At the moment they have some control over the situation. They lose all control over the situation, but continue to take on the risk. The figures today may look better, but the liability remains with the government.
 
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better brent chart

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