Nationalising all British high street banks – cartoon

Fingers crossed everywhere. Cartoon coming soon at Channel 4 News…

Watch the value of the sterling. Effectively the pound has just been devalued – as things get rougher, the Euro is going to start looking more attractive (in economic terms.)

Faisal Islam from Channel 4 explains why the government has been forced to do this.

Global shock therapy – from the BBC

Tagged as: Alastair Darling, BoE, credit crunch, crisis, devaluation of the pound, euro, Faisal islam, Gordon Brown, Mervyn King, Nationalisation of the banks, panic, poor, pound, poverty, PR, recapitalisation, rescue package, shit creek, Sterling