10年前,中本聪在第一个区块里写了那句著名的话”The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.（2009 年 1 月 3 日，财政大臣正处于实施第二轮银行紧急援助的边缘）”,用这句话的出处,<泰晤士报>头版那篇报道的全文为例.
全文如下:Chancellor Alistair Darling on brink of second bailout for banks
Francis Elliott, Deputy Political Editor, and Gary Duncan, Economics Editor
Billions may be needed as lending squeeze tightens
Alistair Darling has been forced to consider a second bailout for banks as the lending drought worsens.
The Chancellor will decide within weeks whether to pump billions more into the economy as evidence mounts that the Â£37 billion part-nationalisation last year has failed to keep credit flowing. Options include cash injections, offering banks cheaper state guarantees to raise money privately or buying up âtoxic assetsâ, The Times has learnt.
The Bank of England revealed yesterday that, despite intense pressure, the banks curbed lending in the final quarter of last year and plan even tighter restrictions in the coming months. Its findings will alarm the Treasury.
The Bank is expected to take yet more aggressive action this week by cutting the base rate from its current level of 2 per cent. Doing so would reduce the cost of borrowing but have little effect on the availability of loans.
Under one option, a âbad bankâ would be created to dispose of bad debts. The Treasury would take bad loans off the hands of troubled banks, perhaps swapping them for government bonds. The toxic assets, blamed for poisoning the financial system, would be parked in a state vehicle or âbad bankâ that would manage them and attempt to dispose of them while âdetoxifyingâ the main-stream banking system.
The idea would mirror the initial proposal by Henry Paulson, the US Treasury Secretary, to underpin the American banking system by buying up toxic assets. The idea was abandoned, ironically, when Mr Paulson decided to follow Britainâs plan of injecting cash directly into troubled banks.
Mr Darling, Gordon Brown and Lord Mandelson, the Business Secretary, are expected to take the final decision on what extra help to give the banks by the end of the month.
The banks have taken much of the heat for the economyâs woes. But ministers are said increasingly to accept that attacking the banks will not by itself transform a situation that is jeopardising Britainâs economic prospects.
Insiders point out that Mr Darlingâs criticism of mortgage lenders has softened in recent weeks.
After the Bank of Englandâs radical cuts in interest rates over the past two months, the focus at the Treasury has shifted away from mortgage lending to the pressure being put on businesses by the scarcity of loans, which is emerging as the bigger economic danger.
Richard Lambert, the Director-General of the CBI, said yesterday: âThe Government is going to have to do more to restore credit flows across the economy.â
He said that the car industry was especially vulnerable: âWithout access to credit or loan guarantees on commercial terms, this vital part of the economy will incur lasting damage.â
The scale of the lending drought was highlighted as separate Bank figures showed that the number of new home loans approved plunged to a record low in November. Only 27,000 mortgages for house purchase were approved by banks and building societies, down from a revised 31,000 in October. It is the lowest level since the Bank began collecting data in 1999. The Bankâs quarterly credit conditions survey showed that banks restricted access to loans of all kinds by companies and consumers in the past quarter, and that they plan to tighten the screws more in this quarter.
Halifax reported that the price of the average house fell by more than Â£100 a day last year. Its quarterly figures showed that the average house ended the year down in price by Â£37,178, or 16.2 per cent.
PRESSING THEIR POINT
âThe single most pressing challenge to economic policy is to get the banking system to get lending in any normal sense”Mervyn King, Governor of the Bank of England, Nov 26
âThey are close to cutting off their noses to spite their facesâ
Lord Mandelson, Business Secretary, accuses the banks of being too conservative, Nov 30
âThe banks have to understand that we have put substantial sums of public money in to support them. They, in turn, need to play their partâ
Alistair Darling, Dec 10
âQuite clearly a lot more needs to be doneâ
Alistair Darling, Dec 15