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Northern Rock shares now officially worthless
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I know someone (kind of, he's a friend of a friend) that bought £10k worth when they were just under £2 a pop.
I'm sure the government will give them a decent pay out.
Should we be more concerned about the £100 billion of taxpayers money they're throwing at it, if the housing market does continue to decline and a large portion of mortgage holders default and NR gets f-all at auction?Feist - 1234. One camera, one take, no editing. Superb. How they did it
Feist - I Feel It All
Feist - The Bad In Each Other (Later With Jools Holland) -
PAH,
you are showing your naivety,
listen, it's like this
nationalising the Northern Rock is all part of the grand master plan
you see, when everybody defaults on their mortgages, those houses,
will become....
yep you got it...
Council Houses
and voila,
all the council houses that maggie sold go back to being property of the state
hth
Milan.Comment
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Originally posted by milanbenes View PostPAH,
you are showing your naivety,
listen, it's like this
nationalising the Northern Rock is all part of the grand master plan
you see, when everybody defaults on their mortgages, those houses,
will become....
yep you got it...
Council Houses
and voila,
all the council houses that maggie sold go back to being property of the state
hth
Milan.
Great news. I can make big money again by buying my families council houses dirt cheap, renting it back to them, then evicting them, and then selling them again at obscene profits.
Comment
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Originally posted by milanbenes View PostPAH,
you are showing your naivety,Feist - 1234. One camera, one take, no editing. Superb. How they did it
Feist - I Feel It All
Feist - The Bad In Each Other (Later With Jools Holland)Comment
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Originally posted by milanbenes View PostPAH,
you are showing your naivety,
listen, it's like this
nationalising the Northern Rock is all part of the grand master plan
you see, when everybody defaults on their mortgages, those houses,
will become....
yep you got it...
Council Houses
and voila,
all the council houses that maggie sold go back to being property of the state
hth
Milan.
Mortgagors don't "own" properties on their books. They only have a legal interest in these, and a mortgage contract gives them or their successors no rights of title unless the mortgagee fails to adhere to the conditions (generally by getting into arrears).
If the govermin tried to start treating Northern Rock mortgagees like council tenants, they'd be laughed out of court (and voted out of office - there are quite a few people with Northern Rock mortgages, mostly in Labour areas).Comment
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Originally posted by GuardianSandler, who is being paid £90,000 a month to head the nationalised bank......
at least one contractor is doing well out of it.Kneel before BodComment
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Originally posted by Bod View PostNot a bad rate @ £4,500 per day +/-
at least one contractor is doing well out of it.Comment
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Originally posted by Sockpuppet View PostHe's blatently caught by IR35 though. After all he replaced a permie doing the same job of running the bankComment
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