Originally posted by Cyberman
View Post
All the other offers AFTER NR collapsed were basically about private companies using Govt money to make profits for themselves - none of them had any money to purchase, they all wanted to keep BoE loans. In all probability they would have failed before end of this year so Brown had no choice but to nationalise it.
Personally I'd say what they should have done is this:
1) jail NR management including those who recently left the company and those advisors who devised those contracts with Granite thingy
2) take all saver accounts and either sell them separately like they did with B&B or move over to any other bank while guaranteeing them 100% with BoE money
3) sell morgages that NR had on auction - whatever the price they go.
4) close NR down, destroy their office with bulldozers and put a huge fark off stone with a single word on it: GREED.
5) if any of the jailed people in #1 are still alive then make sure they are on a permanent prison rota to hand out soaps in the showers.
HTH
Leave a comment: