234SALE Posted January 16, 2008 Share Posted January 16, 2008 (edited) By Nationalizing Northern Rock how much would the true debt be. If it does happen we will never find out ! http://business.timesonline.co.uk/tol/busi...icle3193600.ece Its only £26 billion lent to Northern Rock so far, but by nationalizing all the bad mess can be kept under the carpet . Sorry I don’t have data to support this but credit crunch is going to get worse and we I for one don’t think we should nationalize this company. The B.O.E should take all the money back, cancel its guarantee’s and say good bye. Let the savers and investors lose out, rather than all of us who did our homework. I reckon that by Nationalizing Rock the government would be assuming £75 billion of money you’ll never see. Can the B.O.E afford to nationalize every bank that goes under, HBOS and Bradford and Bingley… We are being fooled, trick and bankrupted by a government that wants you to believe there are no problems. Sweeping the mess under the carpet shall come back to haunt us…. I’m sure some of you thinks it’s a great buy at 69.25pence,,, but they are really worthless. Edited January 16, 2008 by 234SALE Quote Link to comment Share on other sites More sharing options...
Guest DissipatedYouthIsValuable Posted January 16, 2008 Share Posted January 16, 2008 By Nationalizing Northern Rock how much would the true debt be. If it does happen we will never find out !http://business.timesonline.co.uk/tol/busi...icle3193600.ece Its only £26 billion lent to Northern Rock so far, but by nationalizing all the bad mess can be kept under the carpet . Sorry I don’t have data to support this but credit crunch is going to get worse and we I for one don’t think we should nationalize this company. The B.O.E should take all the money back, cancel its guarantee’s and say good bye. Let the savers and investors lose out, rather than all of us who did our homework. I reckon that by Nationalizing Rock the government would be assuming £75 billion of money you’ll never see. Can the B.O.E afford to nationalize every bank that goes under, HBOS and Bradford and Bingley… We are being fooled, trick and bankrupted by a government that wants you to believe there are no problems. Sweeping the mess under the carpet shall come back to haunt us…. I’m sure some of you thinks it’s a great buy at 69.25pence,,, but they are really worthless. The government could completely nationalise money creation, of course. Quote Link to comment Share on other sites More sharing options...
234SALE Posted January 16, 2008 Author Share Posted January 16, 2008 The government could completely nationalise money creation, of course. Maybe switch currencys to dollars whilst we are not looking Quote Link to comment Share on other sites More sharing options...
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