er, so the bail out has not worked for the 2 most at risk institutions in Barc and RBS. The share prices are still in freefall, the debt markets are still frozen.
Last night the US Fed started lending to corporates directly, this is another bullet we should try along with the interest rate cut tomorrow.
If these don't work then there are few more bullets left. Only really hyper-inflation to get rid of the debt. Ouch.
Labour may have just placed the biggest bet ever on a market and lost in double-quick time.
Let's hope not and that day works itself out.