My blogg short index
https://englundmacro.blogspot.com/2025/07/my-blogg-short-index.html
Mervyn King - Gordon Brown
Alistair Maclean Darling, Baron Darling of Roulanish, served as Chancellor of the Exchequer under prime minister Gordon Brown from 2007 to 2010.
Back from the Brink: 1000 Days at Number 11
by Alistair Darling
In the late summer of 2007, shares of Northern Rock went into free-fall, causing a run on the bank - the first in over 150 years.
Northern Rock proved to be only the first. Twelve months later, as the world was engulfed in the worst banking crisis for more than a century, one of its largest banks, RBS, came within hours of collapse.
Royal Bank of Scotland
Following the implosion of the Royal Bank of Scotland in 2008 while under the direction of directors at its Edinburgh headquarters, and its rescue by taxpayer funds, it became a subsidiary of the UK Government.
On 14 February 2020, it was announced that the holding company of Royal Bank of Scotland (Royal Bank of Scotland Group plc) would be renamed NatWest Group plc later that year, taking the brand under which the majority of its business is delivered.
The mismanaged collapse of Northern Rock before it collapsed into public hands. Before the crisis, the Bank did not have oversight of individual institutions, and there was no mechanism for banks at risk of failure.
A month before the start of the financial crisis, the Bank of England was apparently unaware of the impending danger, new documents reveal.
In a unique insight into its workings, the Bank has published minutes of top-secret meetings of its governing body, the Court, between 2007 and 2009.
BBC 7 January 2015
One Sunday in October 2008, Alistair Darling flew back from Washington to find Britain on the brink of banking meltdown.
The chancellor was told by his Treasury officials that unless a rescue plan was announced by the time the City opened for business the following morning, there was no guarantee that cashpoints would work and that cheques would be honoured.
The possibility of global financial implosion concentrated minds wonderfully; bailout plans were announced that ensured disaster was averted.
Co-ordinated and collective action meant there was no return to the 1930s, and within six months most countries were recovering.
https://www.internetional.se/stabiliseringspolitik.htm#Darlinghome
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