#3063405, By bainbrge Northern Rock to be Nationalised

  • bainbrge 17 Feb 2008 19:00:03 1,687 posts
    Seen 2 years ago
    Registered 15 years ago
    Gibroon wrote:
    I just pisses me off that we all as tax payers are going to foot the bill.

    Only if the loans all go bad. If they don't the tax payer makes a tidy profit. On the other hand, I almost wish they'd let NR go to the wall immediately and just sold their loan book to the other players.

    The most unedifying thing about the whole spectacle is the Conservative's response:

    George Osborne: "nationalisation is a disaster"
    BBC: "what would you have done instead?"
    George Osborne: "not dithered, and er...Darling should have nationalised it sooner!"

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