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Ignitionnet · 06-03-2011, 19:11

The BoE's loans are nothing, at all, to do with bailouts. The BoE has long been the lender of last resort and its loans are most certainly not done for 'next to nothing' the rate is quite punitive compared with the wholesale markets as far as I'm aware.

06-03-2011, 19:11	#15
Ignitionnet Inactive Join Date: Jun 2008 Location: Leeds, West Yorkshire Age: 47 Posts: 13,995	Re: HSBC Move To Hong Kong 'Likely' The BoE's loans are nothing, at all, to do with bailouts. The BoE has long been the lender of last resort and its loans are most certainly not done for 'next to nothing' the rate is quite punitive compared with the wholesale markets as far as I'm aware.