46. Barclays may reject Asset Protection

You don't have to be a Barclays shareholder or customer to be relieved that the blue-badged bank has been told by the Financial Services Authority that there's no pressing need for it to raise substantial amounts of new capital. The FSA,...

28/03/2009 | 216 Hits | Read more...

47. Gilts and innocence

If anyone thought that investors don't want to lend to HMG at any price (not me guv), that idea has been well and truly exploded by the handsome success today of an auction of £1.1bn of index-linked gilts. What that shows is that - on...

26/03/2009 | 236 Hits | Read more...

48. Gilts and guilt

Whoops. This government has suffered its first setback in financing its eye-wateringly large borrowing needs. And what gives resonance to the flop of a relatively modest sale of gilts or government bonds is that it comes a day after Mervyn King...

25/03/2009 | 200 Hits | Read more...

49. Will Obama pay Goodwin's pension?

Only yesterday, or the day before, financial globalisation was supposedly about making sure that capital was transferred to those parts of the world that could invest it most productively. That so much of the exporting nations' surpluses in...

24/03/2009 | 225 Hits | Read more...

50. Geithner versus Darling

Timothy Geithner's partnership with the private sector to buy impaired assets is considerably less ambitious than Alistair Darling's asset protection scheme. That can be seen from the crude numbers. The British chancellor is providing...

23/03/2009 | 157 Hits | Read more...