Sunday, Oct 07, 2007
Independent? When half your assets are owned by the state bank and you're paying £12m a month in loan interest? I don't think so
BBC "News": Rock 'could remain independent'
The BBC tries to maintain an air of dignity for the stakeholders in the massive mess that is Northern Rock. The new rescuer is not JC Flower (who now seem to be off the radar), no it's Citi. According to the article "Now newspaper reports have raised the possibility that a loan organised by Citi from a selection of US banks and insurers could allow Northern Rock to carry on in its current form."
Well, I'd like to just raise the possibility that I could win the lottery next Wednesday.
Posted by paul @ 01:42 PM (770 views) Add Comment
8 Comments
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1. paul said...
Oh, and by the way:
2. paul said...
Also:
I nicked these from Private Eye. Allegedly.
3. paul said...
I'm almost certainly going to hell for these
"Don't panic Mr Manwaring!"
4. planning4acrash said...
What a giggle!!
5. harold said...
Very good, Paul.
6. Refusetobuy said...
Someone reads Private Eye
7. inbreda said...
I can't beleive that the main difference between Applegarth and The Hood, is that Applegarth looks more miserable.
Actually - scrub that - it makes perfect sense.
8. deepak said...
Good fun.
I would like to add even in this disasterous situation Northern Rock still expects to make £500 million profit ( that is the cut down estimate after the crisis)
So £12 million pm or £120 per annum seems to be affordable even if this is in excess of there current estimates.
And on the other hand no one wants to buy Northern Rock so it has to stay single.