Friday, Sep 28, 2007
NR taps lifeline again
Reuters: Northern Rock seen to borrow 8 bln pounds
It would appear still that no-one but the BOE is dumb enough to lend NR money. Further proof they are likely to be sold off to a carpet bagger. In my opinion, they are effectively in government adminstration but for obvious reasons that's not what they are calling it.
Posted by autopilotengage @ 06:19 AM (299 views) Add Comment
1 Comment
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1. planning4acrash said...
Give it a name "lender of last resort" and you can avoid words like administration. They play with words like they play with stats. Compulsive lying at institutional scale.