MPW Economics Discussion Board: Bank of England failed to act on 'crazy borrowing', deputy admits The Bank of England knew "crazy borrowing" was taking place during the boom years b

Sunday, 4 January 2009

Anonymous said...: In my opinion, the bank will take greater caution to lend money to others, but in the long term when the economy of the world recovers, the bank will go back to its old ways because it does bring benefits to the bank as long as it is under control. - Peter Liu.; 5 January 2009 at 14:46
Kamit Chingis said...: To my mind in future the whole bank system will be changed because of this financial crisis we have seen that rates of interest are not usefull.I assume that in future there will be new banking systems.For example Islamic Banking.; 5 January 2009 at 19:29
Kamit Chingis said...: also now we can see how really worked Bank of England.They could not predict this crisis and even with interest rates cuts the situation havent really changed; 5 January 2009 at 19:34
Anonymous said...: The bank of England didnt do a good job by allowing 'crazy borrowing' to take place.; 5 January 2009 at 21:44