Northern Rock

[Unicorn]

Requirement of the nationalisation deal

Weren't the savings deals withdrawn to stop NR getting more than 1.5% of national savings as it was a condition in the small print of the nationalisation

[Cyberman]

Savers pile into NR not because it is in itself a good bank, but because it has a 100% Govt guarantee.

This is (and I'm sure you'll allow the word this time) unfair.

Having used their position to talk down NR, the Govt used their power to force its owners the shareholders to sell at their price, and now the Govt is using your money to guarantee NR deposits and so boost its price again now that the Govt owns it.

Savers piled out of Northern Rock to the tune of 14 Billion pounds due to HMG incompetence and leaking of stories to the BBC. That was also unfair on the shareholders.

[expat]

It would be really embarrassing to HMG if Northern Rock repaid its loans from the BofE early, and will add further proof that it should never have been nationalised.

With the Judicial Review arising in January 2009, that would be the last thing that HMG wants. The fact remains though that shareholders were robbed when Brown and Darling saw an opportunity for a stealth tax nationalisation amidst all of the anti-capitalist propaganda against the Directors(especially Adam Applegarth) and shareholders eminating from the BBC machine. How could we allow those dreadful shareholders to reap the rewards of BofE loans!!

Savers pile into NR not because it is in itself a good bank, but because it has a 100% Govt guarantee.

This is (and I'm sure you'll allow the word this time) unfair.

Having used their position to talk down NR, the Govt used their power to force its owners the shareholders to sell at their price, and now the Govt is using your money to guarantee NR deposits and so boost its price again now that the Govt owns it.

[HeliCraig]

Newsnight last night reported NR has had to remove some savings products due to multitudes of savers rushing to transfer their money into the 'safe haven'.

This is like some comedy sketch from Monty Python

Panic out..
Panic in..
In, Out, Shake it all about..

I forget which news outlet I was listening to at the time, but I believe the Irish Banks have a similar problem atm, as their government has 100% guaranteed all savings... never mind about the european rules (like environmentalism they only apply in good times)!.

(some news here)

[Cyberman]

It would be really embarrassing to HMG if Northern Rock repaid its loans from the BofE early, and will add further proof that it should never have been nationalised.

With the Judicial Review arising in January 2009, that would be the last thing that HMG wants. The fact remains though that shareholders were robbed when Brown and Darling saw an opportunity for a stealth tax nationalisation amidst all of the anti-capitalist propaganda against the Directors(especially Adam Applegarth) and shareholders eminating from the BBC machine. How could we allow those dreadful shareholders to reap the rewards of BofE loans!!

[NiceUpNorth]

BBC show that they have had to stop taking accounts onboard as they would be creating a market monopoly

http://news.bbc.co.uk/1/hi/business/7647914.stm

[Xenophon]

It is a mockery of a sham and no mistake.

[Bagpuss]

Newsnight last night reported NR has had to remove some savings products due to multitudes of savers rushing to transfer their money into the 'safe haven'.

This is like some comedy sketch from Monty Python

Panic out..
Panic in..
In, Out, Shake it all about..