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jp1

Cash For Bailouts: Northern Wreck, Brown And Labour

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Nice to see Our Dear Leader repaying the 'goodwill' by bailing out the Northern Chumps

New Labour's favourite think-tank and source of policy ideas IPPR pockets £1/2 million from Northern Rock.

Gordon Brown's personal pollster, Deborah Mattinson, advises Northern Rock on corporate responsibility programmes. Presumably it was she who advised giving circa half-a-million quid to New Labour's IPPR think-tank. How many more of Gordon's circle have their hand in the Northern Rock till?

Lucky we've Gordons 'New Politics', cash for honours is soo last year.

Edited by jp1

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Derek Wanless, Gordon's NHS advisor, is a non-exec director and chairman of Northern Rock's audit and risk committee. (posted on here the other day).

They've all had their noses in the trough.

Looks like NR has been a front for keeping the economy in the North East afloat by lending £100 billion to the building/housing industry there, providing 6,000 direct jobs and "trickle down" from director's pay, keeping local "charities" and football clubs in business etc.

There was no way Gordon was going to let Mervyn make an example of them with all that at stake.

If someone can demonstrate a direct link from one of these NR charitable donations and labour party coffers then it could get a tad difficult.

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Meet me at 10am outside the houses of parliament. It's time for a revolution.

If this is true (sounds likely) then the parallels with the friendship between Kenneth Lee (Ken Lay) and Dubya are striking. It is smacks of corruption of the highest order.

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Guest DissipatedYouthIsValuable
Meet me at 10am outside the houses of parliament. It's time for a revolution.

I'm ready for some slaughter.

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Guest DissipatedYouthIsValuable
I was thinking more of a placard waving kind of thing. :huh:

You have no ********.

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The sham will last for a few more days or weeks and then Gordon will be at the IMF/World Bank asking for a bailout. Our banking system is insolvent. The BoE are giving taxpayers cash out for pieces of paper in return.

http://www.ft.com/cms/s/0/43a7b3ac-66a2-11...00779fd2ac.html

Bank of England in money market U-turn
By Chris Giles, Economics Editor
Published: September 19 2007 12:30 | Last updated: September 19 2007 12:30
British banks will be able to borrow from the Bank of England for three months using mortgages as collateral, the central bank announced in an extraordinary U-turn.
VIDEO
Chris Giles on the Bank’s surprise bid to lower three-month rates
The humiliating move for Mervyn King, Bank governor was announced on Wednesday morning when the Bank said that next week, it would be willing to swap £10bn of cash for a wider range of commercial bank assets “including mortgage collateral”.

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The humiliating move for Mervyn King, Bank governor was announced on Wednesday morning when the Bank said that next week, it would be willing to swap £10bn of cash for a wider range of commercial bank assets “including mortgage collateral”. [/indent]

Er you missed out toilet paper

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