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Banks May Need New Bailout, Warns Think-Tank

Sunday, October 03 2010 16:18 Inside INFORMedia - Banksters
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"Taxpayers should be braced for another multi-billion bail-out of Britain’s banks, a left-leaning think tank claims today.

Financial institutions face a funding shortfall next year as existing borrowing ends, forcing them to look for another £13 billion a month, or £156bn a year, the New Economics Foundation (Nef) warned in a report into the banking crisis."

Read more: Banks May Need New Bailout, Warns Think-Tank

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