England’s Banks to Receive Another Bailout

After receiving 37 million pounds several months ago to shore up the shattered Financial System, Prime Minister Gordon Brown has announced that the major British Banks will receive another major bailout yet the amount is undisclosed. The money supposedly will clear up blockages that were harming England’s Economy an the goal is to have the money passed down so its benefits everybody. As a result of this news it shows that most banks are still not stable and should be avoided. If you truly want to invest in British Banks there is only one that i would recommend and that is Lloyds TBS (LYG). Coming back to the United States i am still a fan of both Goldman Sachs (GS) and Wells Fargo (WF) however anything else i would proceed with extended caution. We are still thick in the middle of this Financial Crisis and a couple more banks will fall or get bought out before this is over. Hopefully just hopefully this money will be used productively and help us shore up the many problems the shattered Financial System currently has.

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