Tuesday, April 22, 2008

Bail Out for Mortgage Industry

The Bank of England announced plans to inject extra liquidity into the troubled mortgage sector.The government and Bank of England have been concerned about how the level of mortgages has dried up since the start of the subprime crisis.The scheme allows big banks like Natwest, HSBC, Halifax and others to exchange mortgage securities for government [...]

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[Source: Finance Blog]

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