Building Societies, going belly up?

[BlasterBates]

A&L and B&B ex building soc.

Oh dear...Northern Rock II and III ? ...or is this just a rogue blog?

[KathyWoolfe]

An attempt at another scam a la HBOS?

[Dow Jones]

PLC not BS

Just to clarify, you will find that both A & L and B & B are PLC listed in the London SE and are no longer building societies.

[sasguru]

Funny how all these speculative doom articles appear mostly in the "Daily Torygraph"

[Cyberman]

I repeat what I have said all along. Instead of nationalising Northern Rock and running down its mortgages from 100 Billion to 50 Billion, the government and BofE should have been putting more funds into the market to aid liquidity and thus people's ability to remortgage, if they wished.

They simply have not done anything like enough and now more banks and building societies could be heading the way of Northern Rock. Lack of money market funding was not Northern Rocks doing but certainly its undoing, and the current extreme lack of liquidity is surely in a major part down to the authorities inaction.

[BrilloPad]

Funny how all these speculative doom articles appear mostly in the "Daily Torygraph"

Is Blaster the editor?