The Financial Blog

The temporary nationalisation of Northern Rock is going to cost us taxpayers £110 billion. It was revealed on Yesterday in the press that tax payers will be repaying the bill for years to come.

Northern Rock’s new boss Ron Sandler is paid £90K per month, he’s a former Lloyds TSB boss, no wonder he’s not with Lloyds TSB anymore if Northern Rock are coughing up £90K a month for him to run the company! Mr Sandler wouldn’t comment on the claims made in the press yesterday that up to half the 6,000 staff employed at Northern Rock may loose their jobs.

Mr Sandler said “Public ownership is not about running down this bank. It’s about stabilisation and building it back from a sound, solid platform”.

So the government’s idea is to privatise Northern Rock again, after the next general election in May 2010.

Hopefully we’ll all have been brain washed by then and have forgotten about the £110 billion we’re repaying for their mistakes by then Heh?…

loans
Search special deal for loans here.
www.aywoh.com

100% Bankruptcy Attorney
Discover Top Resources for Bankruptcy Attorney Here!
www.BankruptcyAttorne-y.com

Free Loan Tips & Help
Discover How To Avoid Trouble With Your Loan. Get Smart With Your Loan. Free Advice Here.
GKBusiness.com

This entry was posted on Wednesday, February 20th, 2008 at 1:15 pm and is filed under Loans. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.