posted on Oct, 7 2008 @ 04:11 PM
okay, I have more information.
The UK rejected a US style bail out because the Prime Minister believed it was too risky and similar to the Japanese bail out (Japan debt is now 145%
In discussion with the Bank of England, bankers and the FSA; the Swedish bail out system will be introduced. Some, if not all, high street banks will
have the UK government buy preference shares in the banks, inject capital, and then sell its stake when the markets are back to normal.
This £50 billion is less riskier, Treasury believes it will make a profit unlike the $700 billion Congress deal (which results in the government
holding debt and now equity as insurance.)