Friday, September 26, 2008

This was forecast on HPC last Christmas

Financial crisis: Bradford & Bingley to become latest victim

Bradford & Bingley can no longer continue as an independent bank and will have to be nationalised in some form in the coming days, City sources have warned. A B&B spokesman said: "We are fully-funded and we are one of the strongest capitalised banks in the UK ( yeah - whatever)!

Posted by alan @ 10:28 PM (660 views)
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One thought on “This was forecast on HPC last Christmas

  • B&B have been the most arrogant and naiive about their true worth in the current UK marketplace. no wonder the MD of B&B is also the CML representative – in utter denial of the market’s opinion.

    It wouldn’t surprise me if they’ve been propped up by the Bank of England using taxpayers’ money for the best part of a year now.

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