To the rescue

Toner, Christine
October 2008
Mortgage Strategy;10/13/2008, p20
Trade Publication
The article reports on the £500 billion rescue package of the government to support the banking system and unlock the liquidity which has offered a hope for the recovery of the mortgage industry in Great Britain. It states that on October 8, 2008, Alistair Darling announced a rescue package that may have financial means for the recovery of the market. It notes that the rescue package will provide new short and medium-term debt to help refinancing of maturing wholesale funding obligations.


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