Treasury to nationalise Bradford & Bungle bank

[Snoopy]

Iceland (The Country) are asking everyone to pay them back. One of their debtors is ............. errrrrrrr....... Iceland Frozen Foods.
Meanwhile the Icelandic Trades Unions are telling their Govt. to sign up to the EU quick smart!

[Nick]

Bjork

[The Moan Ranger]

Hmmm....

http://www.icesave.co.uk/index.html

[Snoopy]

A case of frozen assets?

[Pastis]

i daren't look any more; we're doomed 

[Uncle Mort]

But no, with one bound Darling saves the day.

Rescue plan for UK banks unveiled

[Barman]

But no, with one bound Darling saves the day.

Rescue plan for UK banks unveiled

Quite.

As Pastis says, we're doomed...

[Nick]

But Darling and Snotty have invested 60 squillion pounds in the banks.What can possibly go wrong?

[Barman]

But Darling and Snotty have invested 60 squillion pounds in the banks.What can possibly go wrong?

Nothing... if you are a banker... 

[Nick]

Letter from the Chancellor of the Exchequer to the Chairman of the Committee


BANKING REFORM

I am writing to inform the Treasury Committee of the appointment of the Deputy Governor of the Bank of England for Monetary Stability and to update the Committee on my proposals for the reform of banking system oversight, focusing particularly on measures to enhance the role of the Bank of England in preserving financial stability.


DEPUTY GOVERNOR FOR MONETARY STABILITY

Rachel Lomax is leaving the Bank of England at the end of this month. As I said in my response to you at Treasury questions on 5 June, she has had a distinguished career, including as Permanent Secretary to a number of Government departments and as Deputy Governor.


Her Majesty the Queen has been pleased to approve, under the Bank of England Act 1998, that Charles Bean will be appointed the new Deputy Governor responsible for monetary stability for a period of five years from 1 July 2008.

Mr Bean is in charge!
 

[Pastis]

Meanwhile the stalwart Torygraph readership sort out their priorities in the list of most read articles:

[Barman]

Bailout seems to be working... FTSE only down ~200 points... 

[Nick]

http://www.order-order.com/2008/10/guidos-plan-to-stabilise-uk-markets.html

[Barman]

Interestingly, the FTSE is down to about where it was when they came into power in 1997... That's progress then... 

[Grumpmeister]

I did love the press conference, they really didint know how to answer half the questions so kept repeating the same meaningless platitudes.

Unfortunately, from what was said during the Q&A session we will be looking at increased taxes as they categorically stated that the money wouldnt come from a reduction in public services.