All entries for Friday 08 August 2008

Public Bailout of Bank’s Recklessness

Writing about web page http://www2.warwick.ac.uk/newsandevents/audio/?podcastItem=matthew_watson.mp3

In response to the ongoing sub-prime crisis, the recently published Crosby Report recommends that the Government uses public money to swap bank’s seriously damaged mortgage-backed securities for pristine government bonds.

Matthew Watson from the Department of Politics and International Studies at Warwick University talks about these recommendations, and how the global ‘credit crunch’ is affecting Labour’s popularity with the electorate.

: 08 Aug 2008 15:31 |  Tags: Podcast |  Comments (0) |  Close comments |  Report a problem