Banks in line for £40bn bail-out - paid for by the taxpayer
'A massive bail-out of struggling banks is being considered by the Government.
A deal to lend financial institutions up to £40billion could be in place as early as next week.
Any taxpayer-funded rescue would be hugely controversial and seen as a "reward for failure".'
'Global finance': just a casino under another name ...
The man who bet on the credit crisis – and took home $3.7 billion last year
'It is a jarring comparison for the millions of American homeowners
struggling with their soaring mortgage payments, but there is one man
who has profited so much from the credit crisis that he is jumping a
few rungs on the property ladder this year.
He is John Paulson, a previously obscure hedge fund manager from New
York, who took home $3.7bn (£1.9bn) last year, after betting on a
calamity in the mortgage market.'
