So, Lehman’s is spiralling the plug hole and various people are trying to get various politicians to intervene: During the bank’s final hours in September 2008, Fuld tried desperately to strike a rescue deal with Barclays but the FSA would not allow the British bank an exemption from seeking time-consuming shareholder approval. The
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TimWorstall on 12th Mar 2010 (via timworstall.com)
As Treasury officials finalised details of the US bank recapitalisation plan over the past week, they had to strike a very fine balance
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FT on 14th Oct 2008 (via ft.com)
Negotiations are continuing today over a contentious part of Gordon Brown's bank rescue plan which could threaten the future of the deal.
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SkyNews on 16th Oct 2008 (via news.sky.com)
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The Times has a fascinating behind-the-scenes account of how the bank rescue was put together. It's marred only by the title they give the piece - "How Gordon Brown took the credit for his sidekick’s rescue plan". Certain sectors of the press and all Tories have been criticising the Bank rescue, not on the details of the plan (it's a very good plan, so hard to pick at it), but on the basis that
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snowflake5 on 18th Oct 2008 (via snowflake5.blogspot.com)
Chancellor Alistair Darling has given his backing to Lloyds TSB's takover of rival Halifax Bank of Scotland in a £12.2bn rescue deal.
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SkyNews on 18th Sep 2008 (via news.sky.com)
The Bank England reveals it lent RBS and HBOS £61.6bn in emergency funding in October and November 2008.
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BBCPolitics on 24th Nov 2009 (via news.bbc.co.uk)
Updates with all the key points, expert reaction and your views as the UK government unveils its bank rescue plans.
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BBCPolitics on 8th Oct 2008 (via news.bbc.co.uk)
The Chancellor will make a statement about a rescue plan for British banks following a meeting with the PM, the Governor of the Bank of England and the head of the FSA.
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SkyNews on 7th Oct 2008 (via news.sky.com)
Military police are investigating allegations of improper conduct during bidding for a £6bn privatisation of search and rescue, bringing the deal to the brink of collapse
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FT on 27th Jan 2011 (via ft.com)
The Bradford and Bingley's share price seems to have fallen to just 20p. The bank clearly seems in trouble. In my view, the government should learn from the dithering over the Northern Rock rescue and step in as soon as possible to nationalise the bank. There is the chance that, like in the HBOS case, another bank may step in and rescue it. Those of a more free-market bent than myself might prefer...
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MyPoliticalBlog on 27th Sep 2008 (via vinospoliticalblog.blogspot.com)