Northern Rock _ you're money's safe ?

[Von Boy]

Just chatting with a friend who works for a Bank in Geneva and he told me an interesting point to "Darlings'" statement yesterday.

Yes the government has now guaranteed the savers money BUT if the bank failed it would take between 6 - 10 months for the money to put into the savers accounts - NO interest would be payable in that time -

So savers need to ask themselves "do they feel lucky ???"

!shocked!

[planeterotica]

Actually this whole thing stinks from start to finish and we dont know the finish yet, when the board of the Northern Rock knew that they was going to have to go to the Bank of England cap in hand why didnt they inform the stock exchange and ask for their shares to be suspended becauase it would have been obvious they were going to drop like a brick which they did but on the back of the chancellors anouncement that he would give them all the money they needed the shares have picked up making another killing for the fat cats, very nice for those in the know who would have sold their shares before it all became public knowledge only to buy them back once they had dropped, thus making a nice profit on the back of a pledge made by the goverment using taxpayers money, Browns goverment stinks!thumbsdown!

[Marblehead Johnson]

Warren Zevon rip now starring as "Sane Man".

If only the media used logic and fact rather than half-truths and emotion to present a story.

The 4th Estate - we will make a crisis out of a non-drama.

[colonel]

Never said a truer word.

[Trumpton]

warren zevon rip wrote:

> Instead, John Humphrys, a man with no understanding of
> international finance just harped on about NR's mortgage book
> increasing in size rapidly this year. Exactly what all mortgage
> lenders would love to achieve.

The moral of this story is; don't listen to knobheads such as Humphrys.

Humphyrs is a hypocrite because he criticises the media for dumbing-down, but he is guilty as charged of indulging in the dumbing down process.

[planeterotica]

warren zevon rip wrote:

>
> The level of debate on subjects like this is pathetic - I saw a
> post somewhere suggesting that Gordon Brown would raise cash by
> putting up the Council Tax! Actually no government ever likes
> the Council Tax to rise, because it is so unpopular, and of
> course, no government actually sets the rate of Council Tax -
> just the central support fund. Labour have usually tried their
> damnedest to encourage councils to set very small increases.
>
planeterotica wrote:

This goverment has given councils a mandate to raise council tax when was the last time a council was capped, and what about New Labours idea of raising more revenue via council tav for those that have a view or off road parking and double glazing etc, now im going to watch football on the telly Porto v Liverpool, so i dont care what your reply is !cool!

[Trumpton]

> planeterotica wrote:
>
> This goverment has given councils a mandate to raise council
> tax when was the last time a council was capped, and what about
> New Labours idea of raising more revenue via council tav for
> those that have a view or off road parking and double glazing

What has this got to do with the problems at Northern Rock?