Northern Rock

[Bagpuss]

.... and the debt is now only 11.5 Billion, down BY 15.4 Billion in January, which is further proof that this is only a liquidity problem, and that the Rock should not have been nationalised. At this rate, the Rock will owe nothing by the end of next year.




http://www.citywire.co.uk/personal/-...=3953&ea=37608

You just contracdicted yourself. How can the above success of the nationalised northern rock be a reason for not nationalising it?

[Cyberman]

You just contracdicted yourself. How can the above success of the nationalised northern rock be a reason for not nationalising it?

The Rock was nationalised because HMG maintained that it was bust... it clearly was only a liquidity problem..... assets far exceed liabilities. This is evidence that the reasons for nationalisation were lies.
The Rock was paying penal interest on the loans it had from the BofE and was making a profit. Brown and Darling saw that if Branson or anybody else in the private sector took over, they, and not HMG, were going to make a fortune as the SP was a bombed out 90p.
HMG wanted to stealth tax the Rocks shareholders to fill their black hole(AND THEY STATE THIS: 'all profits should go to the taxpayer') and thus nationalised. This was THEFT from shareholders and will be proven in the courts starting in January.
HMG are offering ZERO to shareholders.

[sasguru]

Ah diddums lost money in the Rock. And he's too naive to see that the court case will not go his way. Also he owns a property which is rapidly devaluing.
Not very bright is our CyberCretin.

[Bob Dalek]

Ah diddums lost money in the Rock. And he's too naive to see that the court case will not go his way. Also he owns a property which is rapidly devaluing.
Not very bright is our CyberCretin.

And yours, sasturd?

[Cyberman]

And yours, sasturd?

Sasturd bought HBOS shares at approx. 1.70...... they are now 80p approx.

Stones....glass..... throw.....houses

[Moscow Mule]

I haven't lost any money through NR, but I can still see the BrownDarling collective are a bunch of devious shysters and I wouldn't put stealing a few banks from their shareholders beyond them.

GB's thought process (maybe )

Hmmm, where does all our GDP come from now we've no manufacturing base?
The city - ching!
How can I get my hands on all that filthy lucre?
Nationalisation? Yes, but they are too expensive...
I know, I'll run them down to almost nothing, then buy them - SORTED!.

[sasguru]

I bought HBOS shares on the dip and sold on the rise one day a couple of weeks ago making a small profit.
I am mortgage free having sold my properties late 2006.
Please let me know when you guys are in difficulties - I'll make you a "fair" offer

HTH

[Cyberman]

I haven't lost any money through NR, but I can still see the BrownDarling collective are a bunch of devious shysters and I wouldn't put stealing a few banks from their shareholders beyond them.

GB's thought process (maybe )

Hmmm, where does all our GDP come from now we've no manufacturing base?
The city - ching!
How can I get my hands on all that filthy lucre?
Nationalisation? Yes, but they are too expensive...
I know, I'll run them down to almost nothing, then buy them - SORTED!.

Agreed!! ... and all with the help of a few well-timed leaks from HM Treasury to Robert Peston. This action in itself is illegal, and I am sure that HMG could be proved to be involved in insider trading.

[Cyberman]

A nice read

http://www.uksa.org.uk/NorthernRock.htm