Wikileaks – Guardian: Mervyn King plotted banks bailout by four cash-rich nations

House price news, information and discussion –

March 2008 – “Bank of England governor suggested new group of UK, US, Swiss and Japan could facilitate global bailout, cable shows”. “Six months before the world financial crisis reached its peak, forcing taxpayers to rescue collapsing financial institutions, King told US officials in London that the UK, US, Switzerland and Japan could jointly enable a multibillion-pound cash injection into global banks, overriding the “dysfunctional” G7 nations”.