Gravatar Ever thought of writing horror stories because this is the stuff of nightmares!


Gravatar Wat, youre scaring me as well now! This just gets worse and worse. WTF (pardon my french) where they thinking as Brown n Co waded into this utter utter debacle, of their own free will.


Gravatar I freely admit to being naive in these matters, and a finacial ignormaus to boot.

But... IS there any reason why I shouldn't be suspicious that Captain Darling's own mortgage is reportedly with Northern Rock? I mean, surely that won't have influenced anyone in any way?


Gravatar Thank you for finding the motivation to prepare this ghoulish post. I'll take a proper look at a more godly hour.


Gravatar I don't want to cause anyone sleepless nights (least of all the Post Master who has to be up everyday at 5am) but it's been suggested to me off-piste that if we could get someone to take us out for as little as £4bn, we should bite his hand off.

And that's probably right.

We know so little about NR's assets and the prospects for the housing market, there's huge uncertainty over the size of potential losses.

Which is why all buyers will want downside insurance.

And a sale on those terms could well be the worst of all worlds for taxpayers.

Worse, it looks like Oz has now gone socialist, so the bolt hole is shot.


Gravatar And they say more banks are also in a perilous situation as well.


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