Monday, February 18, 2008
Northern Rock Small Shareholder Petition
Carefully consider the fate of the many small shareholders in Northern Rock (and any future companies in peril) rather than writing them off in any plans for the stricken banks future. Small shareholders should be given some protection too!
"In dealing with this crisis, brought on by poor management by both the company directors themselves AND The Government and its agencies, it now only seems keen to: 1. Protect taxpayers; 2. To promote financial stability; and 3. To protect consumers. This clearly leaves out entirely from aims any kind of protection or even consideration for small shareholders. Why? Most small shareholders are not rich people & do not deserve to be written off ENTIRELY, while at the same time all small savers are saved from ANY loss AND the Government also make a profit from its support (or at least hopes to)...."