Bank of England covered up failure of Government fund-raising effort in First World War

Rather than admit the £350m placing had failed – potentially a propaganda coup for Germany – the Bank of England secretly bought up £113.5bn of the bonds

from http://ift.tt/2ulXCaI

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s