Monday, 13 October 2008

We can only wait and, while waiting,  here are today's headlines!

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SOME HEADLINES   12.10.08
SUNDAY TIMES
==State to save HBOS and RBS in bank rescue

Figures emerge for the extent of the bank bailout by the Government, 
which could see bank shares suspended tomorrow
==Gordon’s tonic may yet leave hangover
Brown believes this is his Churchillian hour, the moment for which 
his hard work has prepared him.  [Well; he set it up!!! -cs]
==Pound 'will keep falling'
Sterling will continue to slide against the dollar as long as 
financial turbulence persists, analysts say

SUNDAY TELEGRAPH
==Government to take majority stake in RBS

Banking shares across the G7 nations could be suspended tomorrow as 
Government prepares to take a £35bn equity stake in four of the UK’s 
high street banks.
==Brown's eyesight causing concern
Prime Minister's close friends have revealed that he can only see 
extremely large print and has needed guidance at public events
==China comes hesitantly to the rescue
China has the ability to spend its way out of the financial slowdown.

FINANCIALTIMES
==UK banks set to unveil bailout plans

Top executives from RBS, HBOS, Lloyds and Barclays were locked in 
talks with the government on Sunday in a frantic attempt to hammer 
out details of a capital increase likely to be worth tens of billions 
of pounds before the markets reopen on Monday
==Pressure grows for details of stabilisation plan
Race for solution before markets open on Monday

MAIL ON SUNDAY
==Bank shares set 'to be suspended' as Government hammers out £35bn 
takeover of RBS and HBOS

Banking shares could be suspended tomorrow while the Government 
agrees a £35billion lifeline for some of Britain's biggest banks. The 
Treasury and bank chiefs are understood to be locked in talks today 
over a bail-out of several household names.
==IMF warns markets could crash another 20% as Brown urges EU leaders 
to copy Britain's banking rescue