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Posted: Sun Sep 23, 2007 10:22 am
by bigpete
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
Posted: Sun Sep 23, 2007 10:34 am
by maxdebt
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
Posted: Sun Sep 23, 2007 10:49 am
by jpj
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]
Posted: Sun Sep 23, 2007 11:07 am
by maxdebt
Yes I know what you mean. But surely they must have at least sweated a bit? [^]
Posted: Sun Sep 23, 2007 11:37 am
by Dominic
i hope they do so at least some of the staff get to keep thier jobs.
Posted: Sun Sep 23, 2007 11:38 am
by pippa
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
Posted: Sun Sep 23, 2007 1:05 pm
by sonyse2t5
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"
Posted: Mon Sep 24, 2007 5:16 am
by jpj
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
Posted: Mon Sep 24, 2007 5:40 am
by maxdebt
LOL yes so I see. Poor wee souls. Perhaps some of them got burned? [8D]
Posted: Mon Sep 24, 2007 5:35 pm
by ray_a
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!
Posted: Mon Sep 24, 2007 6:01 pm
by jpj
An undercover Sunday times reporter was offered a mortgage 6 times his salay on friday...so nowt has changed!![:I]