This seems a really good thing for the banks. What are the assets that
the BOE is buying? i presume they are being sold at a profit. They are
not cdo's are they, that can't be sold in the market. And what is the
deal for the taxpayer? I read that the Japanese tried it some years
ago and it failed. Is any other country doing it? If all it is doing
is generating profits for the banks at taxpayers expense then it
should be stopped. The whole thing is very confusing.