Poor Old Northern Rock

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bigpete

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Post by bigpete » Sun Sep 23, 2007 10:22 am
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Poor old Northern Rock, can't find a buyer.. Ain't that a shame..
http://news.bbc.co.uk/1/hi/business/7009041.stm

Hope they rot in hell
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maxdebt

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Post by maxdebt » Sun Sep 23, 2007 10:34 am
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Clearly in the past very senior Northern Rock bosses made a decision to blanket refuse most IVA proposals 40p/£ or below, no matter what an individuals circumstances, forcing many people to go bankrupt, lose their home etc. Are these same bosses now suffering in this NR crisis? If so then as my old mum would say “h*ll mend them!” But I would hate to think innocent NR employees will suffer
My thanks to Melanie and her team :)
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jpj

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Post by jpj » Sun Sep 23, 2007 10:49 am
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I doubt the NR bosses are suffering too much!!..they are on mega salaries,can probably still get jobs elsewhere on mega salaries,blame their woes on "the market" not themselves ,and probably wont be rushing to apply for IVAs if made redundant!![:I]
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maxdebt

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Post by maxdebt » Sun Sep 23, 2007 11:07 am
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Yes I know what you mean. But surely they must have at least sweated a bit? [^]
My thanks to Melanie and her team :)
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Dominic

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Post by Dominic » Sun Sep 23, 2007 11:37 am
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i hope they do so at least some of the staff get to keep thier jobs.
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pippa

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Post by pippa » Sun Sep 23, 2007 11:38 am
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HI

I think they moved away from the 40p/£ level sometime ago, I was ffering 54p/£ and at the time they were refusing approx 90% of all IVA proposals put before them

Pippa
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sonyse2t5

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Post by sonyse2t5 » Sun Sep 23, 2007 1:05 pm
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The bank now has a low market value - 700 million. Was 5 bilion recently.Cheap to buy. But its lending labilities are are too hot to handle by any new UK Bank

They over borrowed and over lent.ABUSE, driven by greed.

That all means they are relying on Treasury coffers. Maybe they should nationalise NR.We can all own it and will end its IVA stance of - "Me first, everyone else last"
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jpj

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Post by jpj » Mon Sep 24, 2007 5:16 am
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Well maxdebt...you were right...the bosses at NR have sweated a bit!!! On the beach and round the pool!!!!! (see post"rock chiefs hit beach as savers panicked!) :o0
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maxdebt

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Post by maxdebt » Mon Sep 24, 2007 5:40 am
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LOL yes so I see. Poor wee souls. Perhaps some of them got burned? [8D]
My thanks to Melanie and her team :)
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ray_a

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Post by ray_a » Mon Sep 24, 2007 5:35 pm
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No sympathy for any of them and just think what they were like when they rang people asking for payment!

Quick to lend without looking at the application seriously!
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jpj

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Post by jpj » Mon Sep 24, 2007 6:01 pm
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An undercover Sunday times reporter was offered a mortgage 6 times his salay on friday...so nowt has changed!![:I]
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