Northern Rock gets bank bail out
Northern Rock has been heavily hit by the sub-prime crisisThe Bank of England has agreed to give emergency financial support to the Northern Rock, one of the UK's largest mortgage lenders, the BBC has learned.
However this does not mean that the bank is in danger of going bust, Business Editor Robert Peston says.
There was no reason for people with Northern Rock savings accounts to panic, he added.
NWN: If you have any money with this bank ,then get it out asap, I would be camping out waiting for them to open in the morning and draw the bloody lot out !
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5 comments:
Is the bubble finally bursting?
I agree with NWN. Whenever there is an official recommendation to do or not to do something then your best bet is to do the opposite. They are only trying to get you to keep your cash in there to back up that bank (Jewish interests most prob. as well).
JiB
All the big financial institutions and retail chains are bust and have been for a long time.
"Anonymous said...
All the big financial institutions and retail chains are bust and have been for a long time.
7:40 AM "
Very true, BT has been operating in the red by billions for years but the govt view it as part of their security services and allow it to survive.
Watch the video of nervous customers getting their money out.
http://www.liveleak.com/view?i=74f_1189780223
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