The subtext to Gordon Brown’s speech now available at Channel 4 News
Factcheck is running a live blog from the speech which you can read here
If you believe Robert Peston of the BBC this morning, insurance firms do not have sufficient capital to cover the deals they have done with the banks (and perhaps other institutions) and now tsome of these institutions are asking for their insurance to be honoured. Who could be surprised at the moment.
Web clipping taken @ 20.20 GMT from labour.org.uk
Unfortunately, the inspiring message is a bit undermined. Hopeless, you might say.
Published at Channel 4 News
UPDATE: The subject of this cartoon gets a graph-based Chicken Yogurting here
UPDATED: New York Times on the bail out and what some, previously wealthy, Wall Street firms would like it to mean
I wonder if our government can afford the buyout of debt the US government has been forced to undertake?
New York Times on the Paulson public buyout of all the banking industries bad debt.
Animated cartoon published at Channel 4 News.The news site has a handy short guide about why the fact that banks no longer trust one another enough to lend money to each other matters. And what this may mean for the rest of us.
New York Sun story on borrowing ratios allowed to investment banks ie. their credit to actual capital reserves – it’s technical but informative
