Northen Rock [Merged Threads]

gt94sss2

The government has just promised to guarantee all existing deposits at Northern Rock

Regards
Sunil

alared

http://news.bbc.co.uk/1/hi/business/6999615.stm

ashm1

gt94sss2 wrote: »

The government has just promised to guarantee all existing deposits at Northern Rock

Regards
Sunil

The pound will suffer.

nilrem_2

gt94sss2 wrote: »

The government has just promised to guarantee all existing deposits at Northern Rock

And people in the queues when told this still waited to get their cash out, TBH I don't see what more the government can do, If people still continue to withdraw the cash there is no hope for any of us!

[Deleted User]

ashm1 wrote: »

The pound will suffer.

Yep, buy gold

ashm1

So are Northern Rock now 100% backed by HM Treasury ?

Better move my money into Northern Rock!

edit : Too late for me to buy gold with the Fed decision tomo'

convict90210

Back again....anyone else down big style??? make me feel a bit better than I do right now!!

[Deleted User]

convict90210 wrote: »

Back again....anyone else down big style??? make me feel a bit better than I do right now!!

If you can keep your head when all about you
Are losing theirs and blaming it on you;
If you can trust yourself when all men doubt you,
But make allowance for their doubting too;
If you can wait and not be tired by waiting,
Or being lied about, don't deal in lies,
Or being hated, don't give way to hating,
And yet don't look too good, nor talk too wise:
If you can dream -- and not make dreams your master;
If you can think -- and not make thoughts your aim;
If you can meet with Triumph and Disaster
And treat those two imposters just the same;
If you can bear to hear the truth you've spoken
Twisted by knaves to make a trap for fools,
Or watch the things you gave your life to, broken,
And stoop and build 'em up with worn-out tools;
If you can make one heap of all your winnings
And risk it on one turn of pitch-and-toss,
And lose, and start again at your beginnings
And never breathe a word about your loss;
If you can force your heart and nerve and sinew
To serve your turn long after they are gone,
And so hold on when there is nothing in you
Except the Will which says to them: "Hold on!"
If you can talk with crowds and keep your virtue,
Or walk with kings -- nor lose the common touch,
If neither foes nor loving friends can hurt you,
If all men count with you, but none too much;
If you can fill the unforgiving minute
With sixty seconds' worth of distance run --
Yours is the Earth and everything that's in it,
And -- which is more -- you'll be a Man, my son!

melbury

OMG what an absolute relief!! I was trying not to worry but it was getting a bit difficult - now feel much better!

Now I suppose everyone who drew their money out will be moaning about how much interest they have lost and want compensation!!!!

caveman38

It may seem like a silly question. I understand that the Government have underwritten 100% of the savers deposits in the NR. Would you understand that to mean with all of the interest that you would expect to receive at maturity of the Bond or just the initial deposit