From: "Martin" 
Newsgroups: uk.finance
Subject: Re: BoE loan to Northern Rock
Date: Mon, 05 Nov 2007 20:41:21 GMT
Bytes: 1649


"John Boyle"  wrote in message 
news:fdbTxcCWa3LHFwM7@johnboyle1.demon.co.uk...
> In message , Martin 
>  writes
>
>>Now presumably, a month earlier, this money was being lent to others
>
> No it wasnt.

Good.  So we're all better off, cos BoE is now getting c.7% interest on 
$22bn - which previously was earning nowt.

Do you agree?

-- 
Martin