Bloo Loo Posted October 16, 2007 Share Posted October 16, 2007 Well it's simple. There's a deal on the table for people like Virgin Money, and it's a bargain. Anyone with Shares in NR is going to lose all there investment. Basically they are writing off the value of the company, in exchange Virgin will repay BOE and make a lot of money from the £140 billion worth of NR assets. There is also a £80 sub prime bail out on the table for all banks. They will probably break up NR and sell off the best debts to other lenders and claim on the sub prime ones. OMG the service of NTL was bad enough before beardy got his hands on it. will any mortgages run on time? Quote Link to comment Share on other sites More sharing options...
dubsie Posted October 16, 2007 Share Posted October 16, 2007 OMG the service of NTL was bad enough before beardy got his hands on it. will any mortgages run on time? Virgin is basically a trusted investment brand, people trust his brand so they invest. He rarely uses his own money for anything. Virgin Media is a joke I agree, but his cross country train service works well but is very expensive. Quote Link to comment Share on other sites More sharing options...
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