muz
Golden Master
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the uk government has today announced a £500 billion deal to save uk banks
which includes a £50billion cash injection by the uk government to banks and up to £250billion short term loans from the bank of england and £200 billion in debt grantee to banks
http://news.bbc.co.uk/1/hi/business/7658277.stm
personally i think this whilst putting taxpayers money at a small bit of risk i think something needs to be done to save the banks from going under because if that happens the cost of fixing the problem will be far in excess of £50billion
which includes a £50billion cash injection by the uk government to banks and up to £250billion short term loans from the bank of england and £200 billion in debt grantee to banks
http://news.bbc.co.uk/1/hi/business/7658277.stm
personally i think this whilst putting taxpayers money at a small bit of risk i think something needs to be done to save the banks from going under because if that happens the cost of fixing the problem will be far in excess of £50billion