This is a quote from the book "Chancellor Alistair Darling on brink of second bailout for banks" by The Times
...ngle most pressing challenge to economic policy is to get the banking system to get lending in any normal sense”Mervyn King, Governor of the

Bank of England, Nov 26

“They are close to cutting off their noses to spite their faces”

Lord Mandelson, Business Secretary, accuses the banks of being too conservative, Nov 30

“The banks have to unde rstand that we have put substantial sums of public money in to support them. They, in turn, need to play their part”

Alistair Darling, Dec 10

“Quite clearly a lot more nee...

read full book block explorer