On day one of the rescue, Brown lost this country 2 billion in mark to market.
You can’t have it both ways. Complain about off balance sheet accounting from the banks, and they try and fudge the fact that in one day’s trading Brown has lost 2 billion pounds on the underwriting part of the deal.
If any trader did that on their first day of trading they would be sacked.
However, we all know Brown’s track record on this sort of thing. He lost billions flogging gold at the low point.
On the contrary, Nick, the deal has been criticised by some liberal theoretical economists because they think the chance that the taxpayer will make a profit is too high.
“Brown government has shown itself willing to think clearly about the financial crisis, and act quickly on its conclusions.”
Errr, the Northern Rock and B&B bailouts came literally months after their problems were first recognised, and the Icelandic bank collapse has also been known about for months.
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On day one of the rescue, Brown lost this country 2 billion in mark to market.
You can’t have it both ways. Complain about off balance sheet accounting from the banks, and they try and fudge the fact that in one day’s trading Brown has lost 2 billion pounds on the underwriting part of the deal.
If any trader did that on their first day of trading they would be sacked.
However, we all know Brown’s track record on this sort of thing. He lost billions flogging gold at the low point.
On the contrary, Nick, the deal has been criticised by some liberal theoretical economists because they think the chance that the taxpayer will make a profit is too high.
“Brown government has shown itself willing to think clearly about the financial crisis, and act quickly on its conclusions.”
Errr, the Northern Rock and B&B bailouts came literally months after their problems were first recognised, and the Icelandic bank collapse has also been known about for months.
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