it's ok...It's OK !... I SAID!... IT'S! ... OK?

This was published late Friday in The Guardian

It may not be a good idea to jump out there first thing Tuesday....give it a few hours and just watch..don't be like Butch and the Sundance Kid...


Barclays admits borrowing hundreds of millions at Bank's emergency rate· 'Technical breakdown' in clearing system blamed· Pound falls as news swirls around money markets Ashley Seager, Larry Elliott and Julia KolleweFriday August 31, 2007The Guardian
Barclays has been forced to borrow hundreds of millions of pounds from the Bank of England's emergency lending facility for the second time in a fortnight, it was revealed last night.
In a hurried and emotive statement after London's markets had closed, Barclays attempted to calm fears that it faces a cash crisis. Rumours had circulated all day that Barclays was forced to go to the Bank of England after the central bank said it had lent £1.6bn at its penal rate of 6.75%. It is thought that Barclays borrowed the entire amount.