Sunday, April 20, 2008

British Banking



Observation: Gordon Browne in Washington, D.C.



Observation: Gordon Browne meets with all the regulars AND Bernanke.



Observation: Browne was a senior (the most senior?) British financial official for 10 years.



Observation: The Pope's visit has kept the Browne visit out of the papers.



Observation: Bank of England grudgingly admits financial intervention might be required.



Observation: USSP5 swaps spiking significantly.



Observation: It's Friday, meaning two day lull in markets for crisis management.



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