London Bankers Drown Sorrows at Easter

As Bank of England mulls a bailout, bankers of England swill pints
By Lucas Laursen,  Newser Staff
Posted Mar 21, 2008 10:34 AM CDT
A man walks past the London Stock Exchange in the City of London, Monday, March 17, 2008.    (AP Photo/Sang Tan)
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(Newser) – As the Bank of England mulled injecting billions more into the nation's shaky financial system, bankers in the city of London swilled pints and reflected on their state of affairs, reports the Independent. "We are meant to be at work but we've come here for some solace," said one banker in a London pub. As a lot, they weren’t optimistic about the BofE’s proposed bailout.

"The issue is outside the government's control now. It's a global concern now." They praised the swift US response to the Bear Stearns crash and said that bankers were also to blame for the pound’s malaise. "There's a lot of scare-mongering." Another shrugged off the speculation, saying, “What goes up must come down."