Jeremy Warner's Outlook: Darling sets terrible bail-out precedent
Jeremy Warner's Outlook: Darling sets terrible bail-out precedent
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Contagion was the risk the Bank of England hoped to avoid by standing behind Northern Rock with emergency finance. In the event, its actions seemed only to add to the general sense of alarm. Shares in Alliance & Leicester and Bradford & Bingley plunged yesterday on speculation that they too might suffer a run on deposits similar to that already witnessed at Northern Rock. |
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News entry number 2332 added on Sep 18, 2007 in the Business News category.
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