Britain’s banking system was hours from collapse says minister

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Britain’s banking system was hours from collapse says minister

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01-26-2009, 04:39 AM

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Britain’s banking system was hours from collapse says minister

One of Gordon Brown’s Ministers has revealed that the British banking system was just hours from collapse, just before the Government’s £500 billion bailout of the British bank system last October. In an interview with the Times, Lord Myners, who was appointed Financial Services Secretary to the Treasury in October to help rescue the banking system, [...]

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