Barclays bank in trouble over sub-prime loans?
It has been another torrid week for Barclays, with revelations that it used £1.6bn emergency funding from the Bank of England and speculation that it has made big losses on the fallout from the sub-prime crisis in the US.... Lots of detail at the link.
My worry is that serious trouble at these banks will undermine what little propensity Brown might have to dealing with Islamicist terror, causing him to draw inward even more than some of his cabinet have been lobbying for. |
Posted by: lotp 2007-09-02 |