Panic Merchants
Are they right to move all their money.
It seems to me all the northern rock have done is borrow money from the bank of england due to other lenders going all tight due to the recent events in the US housing market..
I think they will just exacerbate the problem by moving their money.
'No-lose' scenario, 'free money', 'no lose gambles', 'a chance to make a fast buck'
:blink:
Share price around the 110p mark.
Northern Rock have said that all bids have been below Friday's closing price. The government is talking a lot about protecting taxpayers/customers and maintaining economic stability - shareholders are barely getting a look in.