Friday, September 28, 2007

NR taps lifeline again

Northern Rock seen to borrow 8 bln pounds

It would appear still that no-one but the BOE is dumb enough to lend NR money. Further proof they are likely to be sold off to a carpet bagger. In my opinion, they are effectively in government adminstration but for obvious reasons that's not what they are calling it.

Posted by autopilotengage @ 06:19 AM (650 views)
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One thought on “NR taps lifeline again

  • planning4acrash says:

    Give it a name “lender of last resort” and you can avoid words like administration. They play with words like they play with stats. Compulsive lying at institutional scale.

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