UK's Brown faces grilling on bank nationalisation
Story date: 2008-02-17 02:54:00
Added on: 2008-02-17 22:21:28
Guardian Unlimited - ... the government has criticised Northern Rock's business model, Brown blames the bank's woes on a credit crisis that started with risky mortgage ... Merrill Lynch, Swiss bank UBS and Bank of America have all taken multi-billion dollar hits on bad mortgage ...
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