UK Bank Bail-Out: Private-Equity-Generated-Credit-Chaos Costs Rising: Public Pays

April 23, 2008

“The Bank of England will announce Monday a scheme which will see it lend money to banks in return for collateral in a bid to help the troubled U.K. mortgage market, U.K. Chancellor of the Exchequer Alistair Darling said Sunday Wall Street Journal . Following Business and Financial News in 2008 has been an exciting, mind-boggling, incredulous (mis)adventure. It has become difficult to choose those stories that will remain relevant in the future as part of the social and economic history of this chaotic period. See also http://snurl.com/25asj and http://snurl.com/25aus

read more | digg story
“Nice deal… nationalize risk, privatizes profit.”

digg users comments are themselves very revealing. I don’t think active digg users represent a broad spectrum but I am not sure? Are the demographics on digg similar to other services offering trendy tech tools? young male techies writing for young male techies?

Along with evangelical Ron Paul supporters, there is a very active core group writing anarchist, anti-government, minimal government, avoid-banks-buy-gold, avoid-banks-cash-only diggs with some nasty digg between digg users.

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2 Responses to “UK Bank Bail-Out: Private-Equity-Generated-Credit-Chaos Costs Rising: Public Pays”

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