Saturday, Aug 30, 2008
Gordy and Darling aren't out of the mucky brown stuff yet
Times online: Bradford & Bingley was so close to the edge
Bradford & Bingley gave us a glimpse on Friday of how dicey things were early in July. The bank came uncomfortably close to becoming a second Northern Rock. It might be fanciful, but a collapse could even have brought down the Government if things had got seriously messy and the contagion had spread.
Posted by nooneo @ 02:13 PM (392 views) Add Comment
3 Comments
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1. paul said...
"“It was a scary time, not just for us but for the whole world,” Rod Kent, the chairman, told me."
No, just for Bradford & Bingley - I wasn't scared.
2. paul said...
"Tenant demand is strong, rents are still rising, voids (periods when properties are empty) are falling. "
Eh? That's completely untrue.
3. wiltshire said...
Oh well, in about 2058 we MIGHT get to see the files detailing how many billions of tax payer pounds have gone into keeping B&B afloat.