London Confesses Failure

March 16, 2008 (LPAC)--The investment bankers of the City of London are demanding a rescue from the Bank of England and the British government, in what is effectively an admission that their scheme to ride out the current crisis as failed. "The message from the City to the Bank of England and the Chancellor is that this is not enough. This crisis is now on a different level and there needs to be an appropriate response," the London Telegraph today cited a senior City executive as saying.