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Tesco linked to early sale of Northern Rock

halight
halight Posts: 3,629 Forumite
Part of the Furniture Combo Breaker
in Debate House Prices & the Economy
http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article6613502.ece
:jYou can have everything you wont in lfe, If you only help enough other people to get what they wont.:j
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Comments

  • amcluesent
    amcluesent Posts: 9,425 Forumite
    edited 1 July 2009 at 11:57AM
    Clown making cheap political capital by "selling" the Crock, but muggins the tax-payer is left holding £££ billions of the toxic waste while Tesco walzes off with anything half-decent.

    All so the socialists can hang onto a couple of northern constituencies.

    Still, Labour build the Humber Bridge just to win a by-election...
  • scott_lithgows
    scott_lithgows Posts: 1,427 Forumite
    Part of the Furniture 1,000 Posts Photogenic Combo Breaker
    My money,s on Santander getting it.
    I have a deep burning indifference
  • Rochdale_Pioneers
    Rochdale_Pioneers Posts: 2,469 Forumite
    Part of the Furniture Combo Breaker
    amcluesent wrote: »
    Clown making cheap political capital by "selling" the Crock, but muggins the tax-payer is left holding £££ billions of the toxic waste while Tesco walzes off with anything half-decent.

    You're in favour of keeping it nationalised for ever then? Good man!
  • cogito
    cogito Posts: 4,898 Forumite
    Rochdale_Pioneers wrote: »
    You're in favour of keeping it nationalised for ever then? Good man!

    And he said that where, precisely?
  • Radiantsoul
    Radiantsoul Posts: 2,096 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    I can see a logic in selling to a non-bank as it will reduce concentration in the sector.
    Might be hard to value it though...
  • halight
    halight Posts: 3,629 Forumite
    Part of the Furniture Combo Breaker
    Radiantsoul wrote: »
    I can see a logic in selling to a non-bank as it will reduce concentration in the sector.
    Might be hard to value it though...

    Thay will take out all the junk loans and keep them on the Govs books just the same as thay did with brdford and bingly.
    Thay will sell the savings accounts and maybe the AAA loan book.
    The junk loans as iv said will be keeped and maybe lumped with the B&B ones that are still owned by the the tax payer.
    :jYou can have everything you wont in lfe, If you only help enough other people to get what they wont.:j
  • mewbie_2
    mewbie_2 Posts: 6,058 Forumite
    1,000 Posts Combo Breaker
    Apparently 'most' people trust Tesco more than banks. Says something about the mess we're in.
  • 1984ReturnsForReal_2
    1984ReturnsForReal_2 Posts: 15,431 Forumite
    mewbie wrote: »
    Apparently 'most' people trust Tesco more than banks. Says something about the mess we're in.



    It says more to me about "most people".
    Not Again
  • nearlynew
    nearlynew Posts: 3,800 Forumite
    1984ReturnsForReal wrote: »
    It says more to me about "most people".


    Most people will not even notice being pickpocketed.

    And the villain slips away un-noticed.
    "The problem with quotes on the internet is that you never know whether they are genuine or not" -
    Albert Einstein
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Radiantsoul wrote: »
    Might be hard to value it though...

    Why? No arrears, clean loan book.........
This discussion has been closed.
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