Scrutineer: Governments on full alert as banking sinks deeper

FOR those agonising whether to follow the example of veteran multi-billionaire American investor Warren Buffett and dip a toe into banking shares, events are set to put them out of their misery. This may be the week that every taxpayer will get to play at being Warren Buffett – whether we like it or not.

Today, and throughout this week, governments and central banks in Europe and America are mobilising for the biggest ever series of emergency actions to try to halt the flight of confidence from the banking system.

It is not just the scale of the ...