Breaking News !!!!!

[Cyberman]

The outcome of the Northern Rock Judicial Review will be announced at
9.45am on 13th February...... ie Friday !!!

Lets all hope for proper compensation for those hard-pressed shareholders and pension funds !!!!

[pmeswani]

The outcome of the Northern Rock Judicial Review will be announced at
9.45am on 13th February...... ie Friday !!!

Lets all hope for proper compensation for those hard-pressed shareholders and pension funds !!!!

Doubt that would happen. Lost £300 in Northern Rock. Luckily, only a small loss. But if I can get more than what I put in, then I won't say no.

[Bagpuss]

Cybertosser bet his shirt on sub prime and now wants compensation for his own stupidity. I think it would be fairer to compensate his mother for having such a wretched twat for a son.

[Cyberman]

Cybertosser bet his shirt on sub prime and now wants compensation for his own stupidity. I think it would be fairer to compensate his mother for having such a wretched twat for a son.

Sourpuss again has no clue.

The Rock has repaid 14 billion pounds of HMG loans and has just been given another 10 Billion loan to restart lending. It had no supbrime because any potential subprime mortgage deals were sold onto Lehmans on a pure commission basis.

[pmeswani]

Sourpuss again has no clue.

The Rock has repaid 14 billion pounds of HMG loans and has just been given another 10 Billion loan to restart lending. It had no supbrime because any potential subprime mortgage deals were sold onto Lehmans on a pure commission basis.

If it paid off £14bln back to the Govt. why did it need another £10bln? Them paying back £14bln would imply that they are cash solvent enough to not request any further finance from the Govt. Sorry, I'm confusing myself here.

[Cyberman]

If it paid off £14bln back to the Govt. why did it need another £10bln? Them paying back £14bln would imply that they are cash solvent enough to not request any further finance from the Govt. Sorry, I'm confusing myself here.

Exactly. The Rock was nationalised to repay the loans by reducing its mortgage book by writing no new mortgages and calling in current mortgages.

HMG has reversed its policy because it has admitted this was a mistake because it was reducing mortgage liquidity in the country. It shows that the Rock should never have been nationalised and that Vince Cable is a pillock.

[DiscoStu]

I very much look forward to Friday morning and the opportunity for ribbing and mockery it will hopefully bring

[Cyberman]

I very much look forward to Friday morning and the opportunity for ribbing and mockery it will hopefully bring

So do I, and even if we win or lose, the next step is the ECOHR.

[pmeswani]

Exactly. The Rock was nationalised to repay the loans by reducing its mortgage book by writing no new mortgages and calling in current mortgages.

HMG has reversed its policy because it has admitted this was a mistake because it was reducing mortgage liquidity in the country. It shows that the Rock should never have been nationalised and that Vince Cable is a pillock.

Ah yes. It's all flooding back to me know. I'm still gobsmacked with the whole nationalisation thing. They should have, at worst, been converted into a mutual and taken over by Nationwide.

[Cyberman]

Ah yes. It's all flooding back to me know. I'm still gobsmacked with the whole nationalisation thing. They should have, at worst, been converted into a mutual and taken over by Nationwide.

Any takeover would have been better than being run by the HMG imbeciles. As it was, Lloyds made an offer of 4 quid a share in August 2007 but HMG refused to give any guarantees on the debts and refused loans, thus causing a run after leaking this to the press via Robert Peston. Now though, they are guaranteeing every banks debts without a thought !!!!!