UK May Create “Bad Bank”

February 3, 2009 at 1:28 pm | Posted in Uncategorized | Comments Off on UK May Create “Bad Bank”
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UK May Create “Bad Bank”: “Chancellor of the Exchequer Alistair Darling said the British government remains open to creating a “bad bank” to buy toxic assets held by banks.

Ironic, isn’t it? Create one central bad bank to absorb all of the bad assets out there. What happens when it implodes/explodes?

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