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Bradford And Bingley Next?

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Now do the BoE prop up all debt retailers, or assist the likes of: A&L, HBOS, Barclays, and let NR B&B wither and die? (over time). BTW I'm safely assuming that debating the future of (for example) the Paragons and Kensingtons is irrelevant they're alreay toast, despite the 'spin' which will accompany their 'takeovers/re-structuring' etc.. <_<

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Now do the BoE prop up all debt retailers, or assist the likes of: A&L, HBOS, Barclays, and let NR B&B wither and die? (over time). BTW I'm safely assuming that debating the future of (for example) the Paragons and Kensingtons is irrelevant they're alreay toast, despite the 'spin' which will accompany their 'takeovers/re-structuring' etc.. <_<

My guess is that NR will "find" a purchaser to take over its mortgage book. Their reliance on LIBOR funding makes them vulnerable at present. The only other way out is a cash call to its share holders (happened a lot in the 80's). Trouble is the cash call would have to be massive in comparison to its equity base.

Perhaps they could ask for the bonuses back from those who authorised irresponsible lending!

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