Thursday, Jun 28, 2007
Northern rock share drop maybe not a sign of an imminent crash?
Telegraph: Worth ascending the rock-face despite rising interest rates
Interesting article about northern rock and its recent share price drops. Seems to suggest that it's not that bad, they've called rate rises slightly wrongly and their share price has plummeted as a result, but their growth is still there and they're repackaging some of their riskier debt. Not sure they can mind you, the appetite for CDO has probably fallen.
Posted by benedict @ 02:05 PM (224 views) Add Comment
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