by Calculated Risk on 1/18/2009 05:36:00 PM

The Times is reporting that Gordon Brown will announce on Monday: Banks bail-out: Taxpayers may take shares in Barclays and HSBC

* The Government's £250 billion Credit Guarantee Scheme to support lending between banks will be extended until the end this year.

* An expansion of the Bank of England's £200 billion Special Liquidity Scheme. The Bank will now accept consumers' car loans in exchange for high-grade Government bonds ...

* A plan for the Government to guarantee £100 billion of mortgage-backed securities...

* Northern Rock, the state-owned bank will be told to offer more mortgages ...

Talks are also underway for the state to increase its holdings in RBS and the newly-formed Lloyds Banking Group ...

Still scheming ...