Saturday, August 30, 2008

Gordy and Darling aren’t out of the mucky brown stuff yet

Bradford & Bingley was so close to the edge

Bradford & Bingley gave us a glimpse on Friday of how dicey things were early in July. The bank came uncomfortably close to becoming a second Northern Rock. It might be fanciful, but a collapse could even have brought down the Government if things had got seriously messy and the contagion had spread.

Posted by nooneo @ 02:13 PM (820 views)
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3 thoughts on “Gordy and Darling aren’t out of the mucky brown stuff yet

  • ““It was a scary time, not just for us but for the whole world,” Rod Kent, the chairman, told me.”

    No, just for Bradford & Bingley – I wasn’t scared.

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  • “Tenant demand is strong, rents are still rising, voids (periods when properties are empty) are falling. ”

    Eh? That’s completely untrue.

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  • Oh well, in about 2058 we MIGHT get to see the files detailing how many billions of tax payer pounds have gone into keeping B&B afloat.

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