Trust in Central Banks Passes Point of No Return: Mark Gilbert - Bloomberg

Story date: 2008-04-22 05:57:00
Added on: 2008-04-25 23:48:59

April 24 (Bloomberg) -- Here's the plan. Hokey-Cokey Bank bundles together its tainted 2007 mortgages and bakes an asset- backed bond. It hands that bond to the Bank of England in return for a bag of freshly minted U.K. government gilts. It then uses ...


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