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The Bank of England (BoE) has announced plans to unblock capital markets by swapping mortgage-backed securities for government bonds.
While exact details are still a few weeks away it is understood the plans will stimulate inter-bank lending by allowing banks to use government bonds as security.
The scheme has been met with criticism however, with concerns that taxpayers will shoulder the risks and losses of irresponsible banking practices.
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Published: 18-04-08
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