« previous next »
Pages: [1]   Go Down

Author Topic: Taxpayer £400m out of pocket as Northern Rock is sold off to Virgin Money  (Read 989 times)

0 Members and 1 Guest are viewing this topic.

Offline Barman

  • Administrator
  • Needs to get out more...
  • *****
  • Posts: 153344
  • Reputation: -50
  • Since 1960...
    • Virtual Pub!
Taxpayer £400m out of pocket as Northern Rock is sold off to Virgin Money
« on: November 17, 2011, 11:00:20 AM »
Quote
  • Government has invested £1.4billion in troubled bank but will receive a maximum of £1billion
  • Gordon Brown said banks would be 'paying money to the British public, not the other way round'
  • But this offer is 'the best deal' for taxpayers, according to the Chancellor
  • Branson's group will not buy the 'bad bank' spun off from Northern Rock

Clicky

Well I'm buggered! Who'd have thunk it eh...?  ::)
Logged
Pro Skub  Thumbs:

Offline Snoopy

  • Administrator
  • Power Poster
  • *****
  • Posts: 54191
  • Reputation: 0
  • In the Prime of Senility
Re: Taxpayer £400m out of pocket as Northern Rock is sold off to Virgin Money
« Reply #1 on: November 17, 2011, 11:07:41 AM »
It is probable that the state (us) will in fact make money out of the "Bad Debts" as eventually they will be repaid, either in cash or by repossession of the properties concerned. Loads of "social housing" problems could be solved.  :thumbsup:
Logged
I used to have a handle on life but it broke.

Offline Barman

  • Administrator
  • Needs to get out more...
  • *****
  • Posts: 153344
  • Reputation: -50
  • Since 1960...
    • Virtual Pub!
Re: Taxpayer £400m out of pocket as Northern Rock is sold off to Virgin Money
« Reply #2 on: November 17, 2011, 11:21:45 AM »
Quote from: Snoopy on November 17, 2011, 11:07:41 AM
It is probable that the state (us) will in fact make money out of the "Bad Debts" as eventually they will be repaid, either in cash or by repossession of the properties concerned. Loads of "social housing" problems could be solved.  :thumbsup:
Would you like to buy a bridge....?  whistle:
Logged
Pro Skub  Thumbs:

Offline Snoopy

  • Administrator
  • Power Poster
  • *****
  • Posts: 54191
  • Reputation: 0
  • In the Prime of Senility
Re: Taxpayer £400m out of pocket as Northern Rock is sold off to Virgin Money
« Reply #3 on: November 17, 2011, 11:48:09 AM »
Quote from: Barman on November 17, 2011, 11:21:45 AM
Quote from: Snoopy on November 17, 2011, 11:07:41 AM
It is probable that the state (us) will in fact make money out of the "Bad Debts" as eventually they will be repaid, either in cash or by repossession of the properties concerned. Loads of "social housing" problems could be solved.  :thumbsup:
Would you like to buy a bridge....?  whistle:

The clue is in the source



You are D P Dance and I claim my fiver!
Logged
I used to have a handle on life but it broke.

Offline Uncle Mort

  • Power Poster
  • *****
  • Posts: 21645
  • Reputation: 2
Re: Taxpayer £400m out of pocket as Northern Rock is sold off to Virgin Money
« Reply #4 on: November 17, 2011, 02:48:34 PM »
Another bargain from HM Government:

http://www.youtube.com/watch?feature=player_embedded&v=qszmWXpDBWU#

Rear Admiral Mark Heinrich, chief of the US navy's supply corps, is quoted as saying: "We're taking advantage of all the money the Brits have spent on them. "It's like we're buying a car with maybe 15,000 miles on it. These are very good platforms. And we've already got trained pilots."

It just doesn't seem right somehow.  rubschin:
Logged

Offline Barman

  • Administrator
  • Needs to get out more...
  • *****
  • Posts: 153344
  • Reputation: -50
  • Since 1960...
    • Virtual Pub!
Re: Taxpayer £400m out of pocket as Northern Rock is sold off to Virgin Money
« Reply #5 on: November 17, 2011, 02:58:08 PM »
Quote from: Uncle Mort on November 17, 2011, 02:48:34 PM
Another bargain from HM Government:

http://www.youtube.com/watch?feature=player_embedded&v=qszmWXpDBWU#

Rear Admiral Mark Heinrich, chief of the US navy's supply corps, is quoted as saying: "We're taking advantage of all the money the Brits have spent on them. "It's like we're buying a car with maybe 15,000 miles on it. These are very good platforms. And we've already got trained pilots."

It just doesn't seem right somehow.  rubschin:

It isn't right Uncle...  noooo:

Scrapping harrier was a ridiculous 'decision'.... Shame on the British government....
Logged
Pro Skub  Thumbs:

Offline Miss Demeanour

  • Power Poster
  • *****
  • Posts: 36015
  • Reputation: 2
Re: Taxpayer £400m out of pocket as Northern Rock is sold off to Virgin Money
« Reply #6 on: November 17, 2011, 06:12:04 PM »
So will it be rebranded ....Northern Virgin  lol:
Logged
Skubber

Offline Pastis

  • Power Poster
  • *****
  • Posts: 14474
  • Reputation: 0
  • a continuing precarious position
Re: Taxpayer £400m out of pocket as Northern Rock is sold off to Virgin Money
« Reply #7 on: November 17, 2011, 06:36:18 PM »
"The Bank that never says No... "    rubschin:
Logged
Like the Buddhist said to the hot dog vendor...
"Make me one with everything"

Offline Nick

  • Needs to get out more...
  • ******
  • Posts: 108834
  • Reputation: -115
Re: Taxpayer £400m out of pocket as Northern Rock is sold off to Virgin Money
« Reply #8 on: November 17, 2011, 06:37:38 PM »
 drumroll:
Logged
Warning: May contain Skub
Cat sitter extraordinaire
Semi-professional crocodile

Offline The Moan Ranger

  • Administrator
  • Power Poster
  • *****
  • Posts: 13952
  • Reputation: 1
  • No surrender
Re: Taxpayer £400m out of pocket as Northern Rock is sold off to Virgin Money
« Reply #9 on: November 18, 2011, 03:17:02 PM »
Virgin Bank. The only bank that won't fuck you!
Logged

Offline apc2010

  • Power Poster
  • *****
  • Posts: 65507
  • Reputation: -2
Re: Taxpayer £400m out of pocket as Northern Rock is sold off to Virgin Money
« Reply #10 on: November 18, 2011, 03:20:57 PM »
Quote from: The Moan Ranger on November 18, 2011, 03:17:02 PM
Virgin Bank. The only bank that won't fuck you!

 ;D ;D ;D
Logged
Pages: [1]   Go Up
« previous next »