Reply to: The Great Bank Robbery

[BrilloPad]

I can't see the above post but no doubt he's telling us white a shyster the Northern Rock chairman was and how their weak business model of over reliance on the money markets and sub prime lending lead to their demise?

It was actually a link to an interesting picture. It probably should have been in the one-a-day thread really....

[Cliphead]

Indeed.

It would seem from the number of threads where he's simply talking to himself that a lot of people have him on ignore, hopefully he'll get bored and leave before long.

+1

[expat]

What’s the story with Northern Rock then? I don’t think you've mentioned it before??

[Cyberman]

....having cybertory on ignore does make this an altogether more enjoyable forum, doesn't it?

Did somebody speak or was it the rustle of leaves outside.

[TykeMerc]

....having cybertory on ignore does make this an altogether more enjoyable forum, doesn't it?

Indeed.

It would seem from the number of threads where he's simply talking to himself that a lot of people have him on ignore, hopefully he'll get bored and leave before long.

[PM-Junkie]

I can't see the above post but no doubt he's telling us white a shyster the Northern Rock chairman was and how their weak business model of over reliance on the money markets and sub prime lending lead to their demise?

....having cybertory on ignore does make this an altogether more enjoyable forum, doesn't it?

[Bagpuss]

Think he was on about the reliance on the money markets for 75% of their funding. That and the 125% self cert mortgages

How could they lose?

[gingerjedi]

What’s the story with Northern Rock then? I don’t think you've mentioned it before??

[Bagpuss]

I can't see the above post but no doubt he's telling us white a shyster the Northern Rock chairman was and how their weak business model of over reliance on the money markets and sub prime lending lead to their demise?

[Cyberman]

New Lie took Northern Rock over the edge by refusing a loan of 10 Billion pounds and leaking it to the BBC, causing a run on the bank that meant they needed a further 14 Billion. That 14 Billion has since been repaid by shrinking the mortgage book.
Money markets drying up has affected all banks throughout the World, but other countries saw sense and provided loans.

Adam Applegarth has been villified quite wrongly IMO, but of course HMG paid for his silence !!

[TykeMerc]

People like those are not stupid enough to support political parties like they would a football team (like some on here). They are happy to kiss the arse of whoever oils their wheels

Valid observation.

[expat]

People like those are not stupid enough to support political parties like they would a football team (like some on here). They are happy to kiss the arse of hoever oils their wheels

Thanks for the comparison. That's something I just don't get, maybe because I've never supported a football team. But it does explain some of the apparently irrational support of one party versus the world.

[Bagpuss]

People like those are not stupid enough to support political parties like they would a football team (like some on here). They are happy to kiss the arse of hoever oils their wheels

[Peoplesoft bloke]

Aww - Im sure they deserve it . Hard w@nking Bankers.

Bet they vote NL as well.

Bet they don't.

[BrilloPad]

Its only fair