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Taxpayers bailed out banks and the base rate is down. So why are banks now being so hard on borrowers and savers?
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A look at economic developments around the world - Oakland Press
A look at economic developments and stock-market activity around the world Monday: LONDON ? Royal Bank of Scotland Group PLC said it would give homeowners who miss mortgage payments at least six months before starting repossession action ? double ...
US Diluted Loan Rules Before Crash - Common Dreams
WASHINGTON - The Bush administration backed off proposed crackdowns on no-money-down, interest-only mortgages years before the economy collapsed, buckling to pressure from some of the same banks that have now failed. It ignored remarkably prescient ...
How ?Bout We Try More Capitalism? - The Moderate Voice
Everyone right now is focusing on the financial crisis and with good reason. There are so many claimed causes spanning decades. What really caused all this is the government monkeying around with the basic rules of capitalism, and by that I mean hard ...
We own Royal Bank - bbc
It's official. We the taxpayer own one of the world's biggest banks, Royal Bank of Scotland, or 58% of it. Only a tiny number of RBS's shareholders chose to buy any of the new shares in Royal Bank that were being sold in order to strengthen its ...
There's only one question: is this enough? - Times Online
Every now and again, at the celebrity end of this profession, the ?best? pieces of star columnists are collected together in book form. And someone, presumably, buys them. Perhaps our worst scribblings - the most obtuse, the most irrelevant, the ...
Pre-Budget Report: Alistair Darling's £1 trillion debt gamble - Times Online
Alistair Darling stored up big tax rises for the better-paid and huge curbs in public spending yesterday with a £1 trillion debt gamble to defeat the recession. In a Robin Hood-style budget statement of breathtaking scope, the Chancellor asked 800 ...
Brown and Darling commit £500 billion for bank bailout - Times Online
Gordon Brown and Alistair Darling set out a radical £500 billion package today to restore confidence in the UK banking sector and break the crippling logjam in credit markets. The three-part package includes committing up to £50 billion of taxpayer ...
Darling details £50 billion bank bailout plan - Times Online
Chancellor Alistair Darling today launched a drastic rescue of Britain's high street banks in move designed to head off a cataclysmic failure of confidence by announcing a part-nationalisation plan with £50 billion of taxpayers' money. He said there ...
Paradox of bank bailout - bbc
In saying that there's a case for nationalising the entire British banking system , John McFall - the chairman of Commons Treasury select committee - has shone a light on the paradox of the recent global rescue of the world's biggest banks ( listen ...
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