Thursday, December 6, 2007

the beginning of the end

No Boom. Just Bust.

The latest insolvency figures are out. Gordon has certainly put an end to the boom, just not so sure about the bust. Is it a prudent moment to put £30 billion of public money into Northern Rock's mortgage risk as property prices turn down?

Posted by seanb303 @ 02:09 PM (824 views)
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4 thoughts on “the beginning of the end

  • “Is it a prudent moment to put £30 billion of public money into Northern Rock’s mortgage risk as property prices turn down?”

    about as prudent as selling tons of our UK gold reserves at the lowest price in years…

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  • says it all dosen’t it

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  • yes!

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  • it_is_going_with_a_bang says:

    £30 billion to try and save your behind.
    It funny how you can change the fundamental rules of investing in a business when you’re spending £30 billion that isn’t yours.

    He should have invested £30 billion in public services and got next to nothing in return except a huge public pension payroll … oh hold on …..

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