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Northern Rock & Giant Space Rocks......
Comments
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Wow, those people in those buildings had a lucky escape! They're literally just on the edge of the impact crater!!!
:rotfl::rotfl::rotfl:“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
HAMISH_MCTAVISH wrote: »One of these would do to London what the Atomic bomb did to Hiroshima.
This meteorite was just 50m in diameter and even today would be essentially undetectable in enough time to accurately model impact locations and evacuate.
But would vaporise all life within a radius of 10 miles or so if it hit today.
Many millions would die instantly if this hit London, and hundreds of thousands more would die in the national panic and disrupted economy and services that ensued after.
We could protect against this by devoting most of the Earth's resources to space defence systems and hardened bunkers for the population to live in. But of course we don't....
We know it will happen one day.
And when it does, many people will be asking why we didn't take "sensible precautions", when we all knew it would happen eventually.....
Is that the crater that was in the film Starman?Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop0 -
Wow, those people in those buildings had a lucky escape! They're literally just on the edge of the impact crater!!!
No wonder crashy didn't get much for his house when he sold it, all those years ago.Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop0 -
chucknorris wrote: »No wonder crashy didn't get much for his house when he sold it, all those years ago.
:rotfl::rotfl::rotfl:“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
If I don't reply to your post,
you're probably on my ignore list.0 -
On the face of it, this is a pretty decent deal and I'll be interested to see what the brokers have to say about it next week. I'm rather inclined to agree with this point in the article to which you link:BBC business editor Kamal Ahmed said it was very difficult to judge whether this was a good deal for taxpayers, because calculating the overall cost of the banking bailout was extremely complex.
Also, lest we forget, we elect a government to run the country not to trade mortgage books.0 -
You're not kidding. From the article...The mortgages are being sold for £280m above their book value.
The government has now sold more than 85% of the assets of Northern Rock, the Newcastle-based lender that collapsed in 2007 and marked the start of the financial crisis.
Chancellor George Osborne said: "We are now clear that taxpayers will get back more money from Northern Rock than they were forced to put in during the financial crisis."
And that's on top of delivering Billions in profit to the govt during the time it's held them.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
lest we forget, we elect a government to run the country not to trade mortgage books.
We also elect a government to put in place a framework that ensures a return to functionality for essential financial services when/if markets become dysfunctional.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
HAMISH_MCTAVISH wrote: »You're not kidding. From the article...
And that's on top of delivering Billions in profit to the govt during the time it's held them.
It is great news. A lot of the profits reflect the 'kitchen sinking' that was done at the time of nationalisation and as the nice, although probably patronising person, from the BBC states it is not a trivial calculation to show whether or not a profit has been made.
It is also worth remembering that NRK wasn't nationalised with the idea of making a profit. It was nationalised because it was insolvent.0
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