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Darling Wants Northern Rock Boses Punished For Mistakes And Recklessness

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http://www.dailymail.co.uk/pages/live/arti...in_page_id=1770

Senior managers including chief executive Adam Applegarth should be ousted, he believes, to send a message that mistakes and recklessness will be punished.

Mr Darling's view emerged amid concern that the government bail-out of Northern Rock has sent an unwitting signal that blunderers will be rescued by the taxpayer, possibly encouraging banking chiefs to take bigger gambles in the quest for profits.

Goon on you Mr Darling but what about your boss whose corrupted policies allowed those idiots to lend irresponsibly 6 x salary & 125% mortgages?

Why shouldn't our unelected PM be punished for his mistakes & recklessness?

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It gets more extraordinary by the minute.

When did the Government specify who should and should not run private companies?

They're making this up as they go along :)

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It gets more extraordinary by the minute.

When did the Government specify who should and should not run private companies?

They're making this up as they go along :)

Presumably this is a hint that if they want their liquidity facility to be rolled over then some heads must roll.

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He will just get a nice big pay out, pension etc. Applegarth and the rest of the Board just can't loose and after a long enough period will be lined up with another top job.

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The guy himself, Adam Applegarth (sp?) seems quite an affable sort of guy, a but like a private sector version of Evan Davies.

I thought the problems were down to the Business model, not the guy responsible for running it, and they're not the only one with that Business model.

Replacing him with someone else and carrying on regardless would seem to achieve little.

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Replacing him with someone else and carrying on regardless would seem to achieve little.

Of course it would achieve little, if anything, but the problem is Darling is not thinking that far ahead as his only concern is to blame others & anyone but his own boss for the mess his miracle economy created.

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The guy himself, Adam Applegarth (sp?) seems quite an affable sort of guy, a but like a private sector version of Evan Davies.

Really? I thought he came across as an arrogant smug b*st*rd whenever I've listened to him speak. No accounting for taste I guess!

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http://www.dailymail.co.uk/pages/live/arti...in_page_id=1770

Goon on you Mr Darling but what about your boss whose corrupted policies allowed those idiots to lend irresponsibly 6 x salary & 125% mortgages?

Why shouldn't our unelected PM be punished for his mistakes & recklessness?

Heads on spikes over traitors' gate for the lot of them I say!

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Senior managers including chief executive Adam Applegarth should be ousted, he believes, to send a message that mistakes and recklessness will be punished. .

The market was going to do that, until Darling, his boss, the FSA, the BOE stepped in and stopped it happening.

YOU and your mates have just bailed out a reckless company, which just awarded some (all?) of its executives double digit pay rises!!

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It gets more extraordinary by the minute.

When did the Government specify who should and should not run private companies?

They're making this up as they go along :)

did you miss the announcement yesterday?

we are now a communist state.

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