Today the Bank of England has cut interest rates by an amazing half point to only 1%, which is their lowest level in well over 300 years, as it tries to drag the UK out of the doom and gloom brought on by the credit crunch.
The monetary policy committee had voted to cut the cost [...]

This article explains the banking systems deposit guaranty in detail.
Regardless of changes in interest rates or swap rates between the dollar and euro, each banker is aware that banks for centuries actually work with a base currency: consumer confidence. Any disturbance of the market in financial services could lead to withdrawal of resources and undermine and even [...]

Initially, these institutions used audacity of the capital, which they centralized in the form of deposits generally on current account in speculation and risk in the long-term loans to finance real investment industry. They acted as true “for all banks. 
This policy proved to be dangerous, however, and banks were threatened by massive withdrawals during the [...]

Adams completed “Credit Crunch Musical” song. The greatest Song Wars song to never be entered into Song Wars.
Adam and Joe can be found on BBC 6 Music every Saturday 9am.
Song Wars Volume 1 now available to buy through itunes.

Comedy Credit Crunch song starring Bush and Brown. Sit back, relax and forget about the recession for 2 min 26 sec!

Via : Youtube and RebelVirals

The credit crisis made what looked to be a final convulsion last week as investors’ nerves finally succumbed to growing concerns about the state of the global financial system and economic outlook. As the week progressed, stock markets around the world headed south, despite concerted action by world leaders to stem the panic, which finally [...]

Featured on Youtube UK today was this extremly viral Credit Crunch song, remember to send it to all your friends!
A quick interview with Antan Debt:
Is it your Porsche?
No it isn’t
Are you rich?
I’m unemployed and broke no word of a lie
(and before you ask no I don’t sign on and you aren’t paying for my brain [...]

This is possibly the most viral of the credit crunch videos right now, already featured on Youtube. Check it out and dont forget to send it to all your friends.

Bradford and Bingley is to be nationalised and an announcement will be made before the markets re-open on Monday. Savers have been told that their money is safe – but what about staff, shareholders and taxpayers?