Tuesday, 7 October 2008

Bailing out the banks

The statement by the Treasury can be found here:

One point that has been overlooked is the taxpayer is getting some assets in essentially sound and profitable businesses which have taken a short-term knock from the freezing of the wholesale money markets. So the Government could actually make a profit on the transaction.

George Osborne tried to score a cheap point last night about taxpayers paying for bankers' bonuses which was surprising given that the Conservatives have been claiming to be bipartisan and responsible in the crisis.

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