Monday, April 21, 2008

Monday, April 21 in the news.....

  • The Bank of England today announced a $100 billion plan to allow banks to swap mortgage-backed securities for Treasury bills. The government said it was prepared to accept bad debt on behalf of the people and said the people were prepared to accept more taxes on behalf of the people.

  • Hamas is prepared to accept the right of Israel to "live as a neighbor next door in peace," former President Jimmy Carter said Monday. Israel was lukewarm to the announcement, especially regarding any housewarming gifts when their neighbour comes around to promote neighbourly relations.