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Meanwhile...nr Shareholders Debate Fair Compensation

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http://uk.messages.finance.yahoo.com/UK_St...amp;frt=2#21363

I hope a few of them have lost everything and end up on the streets. Utter scumbags, they invest in a risky market and then want compensating when they lose. I guess this lot would be crying for a refund at a casino too.

Just the Northern Rock shareholders, or all bank shareholders? Presumably any or all of the banks could have taken secret support from the government? Just banks, or should the government be able to seize all private property?

Even loan sharks wait until you miss a payment before they come after you. I don't think the government even did that with Northern Rock.

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They're fully entitled to fair compensation.

"Fair" in this case meaning nothing as the company they invested in went bust so the government nationalised it.

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They're fully entitled to fair compensation.

"Fair" in this case meaning nothing as the company they invested in went bust so the government nationalised it.

When did they go bust? What payment did they miss? Who were the receivers?

Maybe the government knew public opinion would be against giving the shareholders money so they deliberately seized the bank illegally - enabling them to bail out their Northern buddies "reluctantly" after a court case?

Edited by mightytharg

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Why cant it be allowed to go bankrupt, lots of banks have gone bankrupt in the past?

It would be if the government had not lent it such obscene amounts of money.

Govenment could then legally aquire it from the receiver for £1 if nobody else wants to bid more for it.

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The shareholders should be compensated. I think I read that the value of the fixed assets, branches, photocopiers. staplers etc came to about 6p a share. It is a bad principle for the government to be able to acquire valuable things at below market value (or above come to that). I know that Northern Rock also had a pile of liabilities way in excess of its real assets, but to my mind the dozy sods who lent them the money should take a haircut for that.

Let us play fair by everyone as far as we can and not be vindictive. 6p a share is fair and we should not begrudge it.

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http://uk.messages.finance.yahoo.com/UK_St...amp;frt=2#21363

I hope a few of them have lost everything and end up on the streets. Utter scumbags, they invest in a risky market and then want compensating when they lose. I guess this lot would be crying for a refund at a casino too.

Well the ones most likely to lose everything are the people who were Northern Rock members before they demutalised and got their shares.

I bought some with my savings and 'lost', but then I was using it as a punt, and when you lose, c'est la vie... - I agree with your point and people shouldn't expect compensation! I don't expect any and won't be lobbying for any (Though admittedly if any should come my way I'm not going to complain!)

Surely the scumbags (who should lose everything) are not the shareholders but the hugely overpaid CEOs and senior management who saw all this coming, hid the facts, took their bonuses and live (well) at the expense of shareholders, most uk worker's pension funds and of course the taxpayers?

:(

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  • 294 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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