US-style banking bailout?

Mark · 27-09-2008, 23:44

With the imminent demise of Bradford & Bingley, sell-off of HBOS, and of course Northern Rock, are we heading for a US-style bailout en masse, or more piecemeal bailouts, or are we done rescuing banks?

I don't claim to know or understand the background behind all this mess (I 'get' the US side of things, but not so much the UK), so please, fill me in.

27-09-2008, 23:44	#1
Mark Screaming Orgasm Join Date: Jul 2006 Location: Newbury Posts: 15,194	US-style banking bailout? With the imminent demise of Bradford & Bingley, sell-off of HBOS, and of course Northern Rock, are we heading for a US-style bailout en masse, or more piecemeal bailouts, or are we done rescuing banks? I don't claim to know or understand the background behind all this mess (I 'get' the US side of things, but not so much the UK), so please, fill me in.