Clouded Outlook
Friday, January 16, 2009
UK interbank market - no recovery
Back in August 2007, the UK interbank market crashed. Commercial banks stopped lending to each other.
Not much has changed since then. If anything, lending volumes have fallen, especially after the great September Lehman meltdown.
1 comment:
Anonymous
January 16, 2009 at 10:19 AM
All that taxpayers money and still no improvement!!! Do you mean that Brown didn't save the world?
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All that taxpayers money and still no improvement!!! Do you mean that Brown didn't save the world?
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