Tuesday, 28 October 2008

Further warning from Bank

After a comment by the Bank's deputy governor that this was possibly the worst financial crisis for a hundred years, the Bank has delivered a gloomy half year financial report this morning: Bank

It talks of significant risks remaining for the banking system, but also of concerns about the health of insurers and hedge funds.

In the event of a further crisis, there might be calls for a Government of National Unity, but this didn't work all that well in the 1930s and partisan tensions are probably even worse now.

No comments: