Britain Props Up Banks

Britain has committed more than $60 billion in taxpayer money to prop up three banks.

“The action we are taking is unprecedented but essential for all of us,” Prime Minister Gordon Brown said at a press conference in London.

The Royal Bank of Scotland announced it would seek around $34 billion to boost its capital as part of the bailout program.

The deal is likely to result in the British government acquirng an almost 60 percent ownershp position in Royal Bank of Scotland along with more than 40 percent of HBOS and Lloyds TSB, which are negotiating a merger.

Doesn't Sound Like GW Is Part Of the Greenie-Industrial Complex

GW must be drinking, again. You can tell because it's the only time the frat boy makes any sense.

The UK's Telegraph reports:

The American leader, who has been condemned throughout his presidency for failing to tackle climate change, ended a private meeting with the words: "Goodbye from the world's biggest polluter."

He then punched the air while grinning widely, as the rest of those present including Gordon Brown and Nicolas Sarkozy looked on in shock.

Good for George. There's now a tiny positive in his overall embarrassing presidency.