Brown's Latest Big Idea: State-Run 'Bad Bank' to Buy Billions in Debts
Evening Standard - London › January 16, 2009
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Summary
A STATE-OWNED "bad bank" could buy up tens of billions of pounds worth of bank debts in a fresh attempt by Gordon Brown to shore-up Britain's fragile financial industry.
The Prime Minister and Chancellor Alistair Darling are drafting plans to take on the "toxic" assets and loans undermining the balance sheets of many banks.See the full content of this document
Extract
Brown's Latest Big Idea: State-Run 'Bad Bank' to Buy Billions in Debts
The move, which could be part of a package of new measures unveiled by the Treasury next week, came as the US government today la...
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