ED’S NIB: Mervyn King - an apology
14th September 2007 by Mike Collins
THE EDITOR wishes to apologise for yesterday’s report quoting Bank of England governor Mervyn King saying that he would not bail out banks that have over-committed to sub-prime debt. The editor now realises that what King really meant was that he WOULD bail out banks, like Northern Rock, that have over-committed to sub-prime debt - moreover, within 24 hours of saying he wouldn’t. Once again, sorry for the confusion.
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