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Osem · 21-01-2008, 22:33

Brown's in between a rock and a hard place on this one and rumour has it that Darling isn't best pleased over his leader's dithering. Nationalise the bank formally and it smacks of Old Labour, sell it (if they can) and us taxpayers will come a very poor second best to those who take over. The bonds idea still leaves the taxpayer with considerable risk and potential profits for other institutions. Whichever way you look at it Brown's in big trouble over this one and we're all going to wind up paying for yet more ineptitude.

21-01-2008, 22:33	#6
Osem Inactive Join Date: Oct 2006 Location: Right here! Posts: 22,315	Re: Northern Rock Brown's in between a rock and a hard place on this one and rumour has it that Darling isn't best pleased over his leader's dithering. Nationalise the bank formally and it smacks of Old Labour, sell it (if they can) and us taxpayers will come a very poor second best to those who take over. The bonds idea still leaves the taxpayer with considerable risk and potential profits for other institutions. Whichever way you look at it Brown's in big trouble over this one and we're all going to wind up paying for yet more ineptitude.