Labour caught red-handed stealing the Rock

[sasguru]

From BP's sig:

Northern Rock had a relatively small pool of deposits from savers and was heavily dependent on capital markets for 75 per cent of its funding which meant it was the first UK Bank to hit the buffers.

Bad business model. Caveat Emptor.

End of story.

[ChimpMaster]

So what's the result of the JR?

[Archangel]

They lost

[ChimpMaster]

I think JRs in general are a scam. Just like the way a JR was refused for the Montpelier guys.

[Cyberman]

Next step ECOHR, which HMG cannot so easily influence.

[BrilloPad]

I think JRs in general are a scam. Just like the way a JR was refused for the Montpelier guys.

The refusal will be appealed.

[Cyberman]

The refusal will be appealed.

I don't see any point in appealing the JR as I detect HMG interference. I hope they go straight to the ECOHR.

[tim123]

I don't see any point in appealing the JR as I detect HMG interference. I hope they go straight to the ECOHR.

Why is it that people who lose straightforward cases always complain of Government interference?

You can't BTW, you have to exhaust the local legal system first.

And I know you're not speaking to me, but how can five pounds a share possibly be justified when the value in the market when they went cap in hand to the BoE, was less then three. Nonsense, utter nonsense.

tim