Sterling interbank lending rates ease after UK bank plan
"The cost of borrowing sterling funds on interbank money markets eased slightly on Wednesday after UK authorities unveiled sweeping new measures aimed at recapitalising UK banks and unclogging frozen money markets."
FTSE falls 2.6 percent
Surprise rate cuts, there not what they used to be...
Balance sheet of the Federal Reserve
I know it is sad, but I find this stuff interesting.
Coordinated Central Bank Action Fails to Relieve Money Markets
Thats about the size of it.
German News Update......Hypo Real Estate Bailout
I had quite forgotten about Hypo.
Global Coordinated Rate Cuts Won't Solve Economic Crisis
There is a lot of skepticism about this rate cut.
A new blog on the big issue of 2008.