CRISIS-ROOM-UK: John Paulson NY, short-sell attacking London bank market

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CRISIS-ROOM-UK: John Paulson NY, short-sell attacking London bank market

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• Sept-24
  John Paulson, NY "Fat cat" attacking London bank market, unveiled on short sell ban, lost $2bn, game over

Sept-22

Mr Darling said the Bank of England had pumped over £100bn into the UK financial system to help maintain stability ( explainer the limit for hyper-inflation reached, UK not yet member of Euro zone) .He said extra help would be provided if necessary, adding the Government was ready to act if further problems occur. It's important to support the economy and not do things to make it worse

He will tell delegates of Labour party, that national governments cannot combat the problems of globalisation on their own.

Will the pound sterling survive a record injection of £ 100 bn in the money market,
and borrowing increases from £43bn to £100 bn in  2009 ?

The dependance from the US for credits with 2/3 from dried out US banks may force
the "offshore island UK"  in the Arms of great Brother Euro zone money 2009.

British banks have to convert from investment to commercial bank, like Goldmann&Sachs did tonight, to get the small money in from the savings accounts.

source in part: skynews TV, DW TV