The Rock WAS victimised

[Cyberman]

Why am I biased?

.. because that's the only logical reason as to why somebody could possibly believe that a company that is still trading and profitable with assets running into billions, can put forward a view that shareholders should get nothing in compensation, when HMG is expecting to make Billions on floatation. Either biased or stupid. I was giving you the benefit of the doubt.

[threaded]

A reasonable definition of bankruptcy is lacking the money to meet the liabilities of the business. NR was £14 Billion short so it's not irrational to call them bankrupt.

If that is your definition, show me a bank that isn't bankrupt.

[BrilloPad]

.. because that's the only logical reason as to why somebody could possibly believe that a company that is still trading and profitable with assets running into billions, can put forward a view that shareholders should get nothing in compensation, when HMG is expecting to make Billions on floatation. Either biased or stupid. I was giving you the benefit of the doubt.

So anyone who disagrees with you is biased or stupid?

You sound like Gordon Brown.

[tim123]

.. because that's the only logical reason as to why somebody could possibly believe that a company that is still trading and profitable with assets running into billions,

NR did not have assests running into billions.

All it had were unsecured loans that might not be paid off

tim

[Cyberman]

NR did not have assests running into billions.

All it had were unsecured loans that might not be paid off

tim

So a mortgage is an unsecured loan ? Hmmmmm..... the case rests as you obviously have no clue what you are talking about !!

[Cyberman]

So anyone who disagrees with you is biased or stupid?

You sound like Gordon Brown.

No, but you ARE !!

[BrilloPad]

No, but you ARE !!

So someone who has voted tory all 6 times since being eligible to vote is GB?

Remind me : why is it they call you cybrcretin again?

[Cyberman]

NR did not have assests running into billions.

All it had were unsecured loans that might not be paid off

tim

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

So please advise how the UKSA come up with a true value at time of nationalisation of 5 pounds a share when the Rock according to you had no assets.....

[tim123]

So a mortgage is an unsecured loan ? Hmmmmm.....

When it's for 125% of the value of the house it is

tim

[tim123]

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

So please advise how the UKSA come up with a true value at time of nationalisation of 5 pounds a share when the Rock according to you had no assets.....

Because they made the figure up

how else could they come up with a figure so far in excess of the one that EVERYBODY else thinks is sensible

tim