+ + + Northern Rock is on the Block + + +
Chancellor tells assembled great and good in the Mansion House that Northern Rock is for sale. Get the taxpayers’ money back!
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Andrew Pierce on Ed Balls…
“Porky Shadow Chancellor Ed Balls sweet-talked guests at a fund-raising dinner by saying if he wasn’t a politician, he would be a chef. That’s not surprising, since he was accused of cooking the Treasury books when he was Gordon Brown’s boot boy.”
UKIP Official Policy Dept says:
Bloody foreigners, coming over here taking all our twitter followers
Hmmm…..depends on the price
What do you buy for the man who has everything?
Penicillin
The head of Tony B Liar?
According to sources close to the chancellor, he opted for an outright sale because he was advised by UKFI and Deutsche that this would raise twice as much for taxpayers as a flotation or mutualisation.
However if Northern Rock were sold for around £1bn, that would represent a small loss for taxpayers on the £1.4bn injected into the bank in early 2010 by the Exchequer.
With another financial crisis about to hit who would want to buy it?? Look out for your money Greece will set things in motion, watch everyone run for cover. No central bank has enough money to cover all bets.
I think you’re forgetting the £27 billion they lent the “bad bank” part of it.
Fuckin ell!
Get Ed’s cock on the block !
2nd always the bridesmaid
On Sky News earlier today, the UK’s newest bank “Metro Bank” was asked if they would consider buying some of the assets of Northern Crook. They said they did not want to touch those damaged goods.
Someone with common sense, and speaking the truth.
Virgin Rock… Now there’s a place I’d visit
sorry o/t
just gone on to McMillan to cancel my subscription page is down wonder why.
Urgent emergency maintenance.
A glitch appeared about midday.
I wouldn’t give shit to any charity (other than the RNLI) they are all crooks. Fuck them all.
RNLI are at least genuine
http://fakecharities.org/2011/02/charity-209603/
Not the case Guido
according to sky
If we get a Billion for it we are still out of pocket by £400,000,000
But the gov still hold all the mortgages ,which are making a return
so over time as these are paid off we will break even
Apparently there are offers in for MORE THAN £1billion.
Time to get rid of labour’s expensive mistakes.
BBC (Break Britian Completely) had Darling on all day saying he was now exonerated of saving Northern Rock.
He and they forget that anyone who has a brain knew it was political and that the Labour Party were trying to save their northern supporters.
The BBC over at least two years constantly promoted Northern Rock on their Money Programme as offering the best interest rates, all without any investigation until the house of cards fell.
They never even investigated RBS Dutch adventure because their Labour cohorts said it was OK.
Now Labour are out the BBC are investigating (badly) PPP and show what a robbery to the country it is. They just need to read the last 8 years Private Eye (as should the government) – you could not make it up.
He also conveniently forgot to mention his own mortgage.
400 million out of pocket?
They pumped in 3.4 billion.
The Treasury is preparing to convert up to £3 billion of government loans to the Rock and £400 million of Rock preference shares into ordinary Rock shares.
http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article4462487.ece
A good rule is “the first loss is the best loss”.
Seems a bit early to me. Why the rush? What does he know that we don’t.
We need the cash. Splashing the wonga around the world is costing us an absolute fortune. Who could deny India its space programme and aircraft carrier? Or the bailouts currently costing us £9bn and rising fast?
Our own eye-watering deficit is well down the list
I was in Scotland recently and visited an RBS cashpoint. Felt a bit miffed that |I had to pay for the withdrawal as it was my money!
You Southern softies have to pay my pension !!!
You don’t have to pay for withdrawals from RBS unless your own bank was charging you.
Errm I think you miss the point.
Your talking shite, RBS cash points are free. Where was this ?
See above
Duh
You’ve never gone over at Barclays then! £0.01 over your unrequested Personal Reserve and they’ll charge you £20 up to 4 times in the month.
When you challenge, the Banks say they are legally justified – they won at court – extracting this amount of cash cos its “their” £0.01 you are using.
Cityunslicker recons it will get worse.
Never borrow. Save as much as you can. Cash is getting tight as its sucked over to the PIIGS.
I wonder what Good Cause, Dave “Kid in a sweet shop” has found that he wants to waste a billion on this time ?
gordon was better at it!
funding fredtheshred pensions and purchasing failed scottish banks for £billions and then making darling sign legally binding pledges for even more eu £billions just hours before he left office in the hope that would get him the imf job!!
It must be a great bank, because it’s from Newcastle where labour rule has helped to get 35% of the workforce employed in the public sector!
And they are very good at postal voting over there too …
Ball;s has just had to sit and take the Govenor of the Bank of England trash Ball’s time in the Treasury -priceless!
Any video of this?
Sell off the rest too. The banks should never have been bailed out.
Exactly, should have gone to the wall.
Don’t want any of them near my Wall.
Oona C u n t on Sky News spouting shit and boy is she fucking ugly.
black women never age well.
Halle Berry??
Today I am an obtuse trangle
An ‘ i ‘ would knock you into shape
Today I am an obtuse triangle
The BBC will not be happy with Merv the swerv trashing the testicles man and his big spending.
Expect to see Toenails and Huntsberg try to spin it tonight on the BBC news and then Newsnight will have Red Paul Mason spouting hisa Commie crap.
OT
Does anyone know anything about a senior Orthopaedic Surgeon at Addenbrooke’s Hospital giving Cameron some stick with both barrels in last few days ?
Yes it was on the news last night Call me Daves photo opp went tits up when he came in and saw all the press in their dirty scruffs
he went ape and told them to get out !
really funny !
found it – it was Guy’s
http://www.telegraph.co.uk/health/healthnews/8576031/Leading-surgeon-interrupts-Cameron-hospital-visit.html
Here you go if it posts
http://news.sky.com/skynews/Home/UK-News/The-Doctor-Who-Ordered-David-Cameron-And-Nick-Cleggs-Party-Off-His-Hospital-Ward-Has-Previous/Article/201106316012228?DCMP=News-search-sslc&lid=ARTICLE_16012228_TheDoctorWhoOrderedDavidCameronAndNickCleggsPartyOffHisHospitalWardHasPrevious&lpos=searchresults
Make sure he never works in this town again !
that’ll be da vid*nu nn the pal of alanm il burn then.
think it’s a bit rich calling him a top orthopaedic consultant though especially since he has ‘previous’ in these sort of anger outbursts.
he’s a medical , nokia throwing gordon.
not exactly the sort of consultant you’d want at your bedside
He’s exactly the sort of Consultant that I’d want to protect me on an NHS ward as he takes no sh1t & looks after his patients. His ‘previous’ was highlighting the fact that many of his professional colleagues couldn’t understand English.
I think you will find his previous was over foreign nurses not understanding his instructions.
Doesn’t exactly give you confidence in the man does it ? to know that he throws tantrums in the operating theatre whilst he’s operating on some poor patient!!
rather depends whether the operation he did on you was a success or a failure doesn’t it?!
Just a prick trying to make a name for himself. The ward nurses told the cameramen that as they were not coming into direct contact with patients what they wearing was fine.
…or didnt have the courage to tell them otherwise…
or had been slipped a couple of twenties – no-one need know
For Sale; One Bank. One careful owner – the rest were lunatics.
Well Eng. I presume you were talking about the solid dependable old Lloyds before gordon corrupted the management into taking on toxic debt with promises of lordships!
You mean the old reliable Scottish TSB before those barrow boy spivs from Lloyds got involved.
I bid 57p and a stick of rock and a catapult ( might be useful for Libya).
Bloody hell that’s a lot of money, besides he will have already passed it on to one of his mates for 10p , asset stripping should only take a few months and the carcase will provide a lot lot more in selling off the property.
Can I just ask (and please forgive my ignorance in this respect), but why is Nick Robinson called “Toenails”?
He’s so far up Labour’s arse that’s all you can see.
We were just being polite.
He earned the moniker during the dark days of the Brown Terror, because he was so far up Gordon’s [deleted] that his toenails were all that anyone could usually see of him.
“Was” Eng?
He’s still there!
Jugged-Hare Marr was called ‘Further’ because he was further up than Toenails !!
Thanks for the clarification (although that’s not an image I wanted to take to bed with me – I shall have to concentrate doubly-hard on Louise Bagshawe tonight) I shall henceforth use his moniker with abandon and barely-concealed glee!
Just as a matter of passing interest – can anyone explain why Northern Rock was nationalised, but Bradford and Bingley was allowed to go bust?
Something to do with Labour MPs constituencies?.
Now where was it’s Head office, dahn south or oop north east ,now figure out where Liebour gets it’s support.
I believe they were both nationalised.
Shareholders got rogered though. It all started in America and was nothing to do with Adam Applegarth’s 125% mortgages nor Bradford & Bingley’s buy-to-let liar loans.
B&B wasn’t nationalised, it was allowed to fail, and the small shareholders got precisely zilch. The loan and deposit book was transferred to Santander.
But Gordon told me he had saved the World ???
I did a fine job as chancellor. If I was still prime minister, there would be no deficit.
What deficit?
Pardon?
*sticks fingers in ears* La la la la la la la …. I can’t hear you …. la la la la la la
Too fast, too deep. Tory-led Government. Progressive.
I’m off home to let Yvette bum me with her strapon (at least I think it’s a strapon – (s)he insists on blindfolding me) until my eyes pop out.
There would probably be no economy either. Just a sign stuck over the former Treasury’s brass plaque saying, “IMF. Please knock and await our convenience.”
You and your bagman bullyballs were the absolute finest example of failed labour fiscal policy the UK has ever had!!
Be Proud!!!!
who’s going to buy the bad bits? The taxpayer will still get lumbered with the crap when they were lending 5x salary 120% mortgages to unemployed people who self-certified their income at 150k!
All thanks to Gordon Brown. I’m fed up with the BBC giving the one eyed shirt lifter a free pass.
I bought my house in 1995 under the Tories, not only did I have to squeeze blood from a stone to get a 2.5X mortgage on a small house AND have a good deposit I had to supply a pile of proof about earnings including a letter from my employer.
So tell me BBC twats, what happened after 1995? say in 1997 perhaps?
Just realised what gordon’s next job will be.
ceo of the rbs!
Dear Northern Rock,
I’m a 59 year old offal worker with one lung
and a psychopathic wife. Can I borrow 200 grand
for a coastal apartment in Libya with a mineshaft
in the back garden and a pack of Bedouin in the front ?
I can. That’s great. Thanks.
Better than that – we’ll give you 120% on it. You can have a whole £40,000 *free*!!! Your house can only go up in value!!! What could possibly go wrong, you ill-educated, low-income earning, shit-for-brains.
I did my articles in conveyancing (yawn) about 6 years ago, and I swear that one in 10 mortgage offers that came across my desk weren’t far off the above. It’s no wonder we are where we are.
The scale of mortgage fraud that has proliferated this past 10years would take your breath away. The Banks and building societies don’t won’t you to know about what has been going on but it’s massive. Organised criminals make more from this than drug dealing.
Quite right and here in Portsmouth, we launder our drug money directly through property development and mortgage fraud, aided and abetted by those in power, who faciltate us because we are so good to them. We take Asbo evictions from council property into our own properties (suddenly they start behaving themselves), we provide accomodation for ex prisoners, and we donate foreign Villas to the great and the good. easy innit?
Hiya Grant.
South Park is quite remarkable. It’s a hilarious, foul mouthed, irreverent cartoon that’s also liberatarian and conservative. Just watched hilarious episode that completly ripped the piss out of the anti smoking lobby.
It was brilliant
)
There was a great episode about the climate change lobby. A green activist tried to hypnotise the kids with “Republicans cause global warming. Republicans are evil. They want to destroy the world”.
Get in there Edward Miliband !!!!!
Latest YouGov/Sun results 15th June CON 36%, LAB 42%, LD 9%;
APPROVAL -29
Or to put it another way, Coalition Government 45% – Labour Opposition 42%… approval + 3.
A clear demonstration of Labours failed education policy.
Dave – stop foreign aid +10%
Outlaw unions + 5%
Stop imigration + 5%
Outlaw the HSE
Dont worry about a referendum just pull out of Europe now +25%
Sod Glegs lossers – Let the Tory in you out
Go away, Fartin. Come back in May 2015 when I will be Liebour leder.
When asked “how many letters are there in the alphabet”, there were 90% don’t knows
Yeth! I am thuperb!
Do you want to thee my blank theet of paper?
Northern Rock,who gives a gnat’s chuff what they do with it.
We the taxpayers were ripped off big time to bail this crowd out and the other bankster financial terrorists.
McBust adopted a policy of leave well alone I don’t care what happens as long as I am able to pursue my my my policy as a liebour spendaholic.
As history now tells us and more to the point we are now hit with the policies of liebour profligacy in spending our money with no regard as to what this could lead to.
Well folks we are right now facing the truth of what this liebour lot have done to this country.
This country is in a state flux in that opinions are with this set of politico’s or the other,just when are we going to see politico’s really concerning themselves with the advancement of this country rather than their personal advancement and political fortunes.
Completely O/T,I watched today some clips of what the EUSSR are about,it would seem to me that we do have quite a number of British voices taking the EUSSR to task.
There are things going on amongst this lot of commies that need to be exposed.
Hopefully people reading this will take the time to have a look at what the agenda is from this unelected by people lot is.
Hmmm.
populus poll “who do you trust to run the economy?”
cameron/osborne/clegg – 41%
miliband/balls – 23%
What scares me is that nearly a quarter of the people in my country are complete fuckwits.
Statistically, that means at least 1 person in my family.
*looks around suspiciously*
Statistics can be funny things, its still quite possible that all of the people in your family are complete fuckwits and indeed the entire population of the West Midlands.
You’ve clearly visited!
I’d better go to bed and leave the spare key under the doormat, as usual. I’m sure that decorative nightlight will burn itself out just fine ….
To paraphrase Mark Twain, ” There are lies, damned lies, statistics and Brown/Balls statistics”
It was Disraeli, not Twain.
You really must get out more.
The percentage is more than 35%
BREAKING NEWS ——————-
MyLongPole (Never been wrong yet!) Call me Dave 100%. Milipuddle: 0%.
However, I did once know a man that voted Labour, but he was prone to walk up & down the street shouting about how he fancied little Nell, so the village ignored him.
Past tense of “know” is “knew”.
Your state education cost the taxpayer £120,000. Let’s see a return on that ‘investment’.
Or “did know”. And you are a complete and utter f’ucking c’unt.
No offence.
I notice the BBC are bigging up the story that Osborne wants to flog off Northern Crock now when the market isn’t that great, BUT where was the BBC when the one eyed twat from Fife flogged off our gold at rock bottom prices?
Libyan regime stripped of Olympic tickets.
That ‘ll show ‘em
Tickets have been given to mandy instead so that he can distribute them to his libyan friends through nat r@o@th@schild.
He’ll be shipping them in on his personal yacht!
What the feck is wrong with your keyboard ?
Yew muss bee knew ear.
I categorically deny that I am in any way biased! That is a serious slur!
Must dash. Having dinner with Derek Draper.
Hear mcbride was chuffed that you followed his advice and is stumping up for the champagne!
Why do people think Paxman is a good interviewer? He’s twat.
He’s so predictable, he’s just asked Billy Hague why ‘we’ (he means the Brits) are not kicking Syria’s arse. Billy rightly stated that it’s up to the UN to take these decisions.
Now if the UK were bombing Syria without a UN resolution Paxman would be demanding to know why the UK thinks it can act outside of international law.
Now he’s asking Billy about how much the war in Libya is costing, why would Billy know that? That’s the MoD or Chancellor not the Foreign Office, Paxman knows that, so what is the point of asking?
It’s just shit, Paxman you are a mong
Paxman’s also very old and not far from death.
Fucking great.
Can we flog our infinitely larger stake in Lloyds and RBS while we’re at it?
Who was the absolute goddess presenting sports news on Sky news a moment ago?
Cathy Ashton.
Elizabeth Day on Sky news paper review.
http://i.thisislondon.co.uk/i/pix/2011/01/Elizabeth-Day_415.jpg
she’s got more than a touch of the nadine dorries about her – I’d like to give a large portion of “advice”
So would I. Is she under 17?
I give you ₯100,000000000000000000000000000000000000000000 Drachma for it?
Anyone given a thought to the original shareholders in NR (many of them “normal people”) who were forcibly evicted by the Govt – shouldn’t they be recompensed ?
Yes. 100 shares each in Laker Airways and a bottle of Tyne estuary water.
If NR had collapsed wouldn’t they have lost everything? I thought the rule of capitalism was that you risk your own money, not whine for compensation every time it goes wrong.
I think we all know what is going to happen: the government sells it at a loss to the taxpayer (that’s us, not the Treasury) and their friends (donors to the Tory party) who buy it at a knockdown price then go on to make massive profits.
The Bank will be bought privately by a prominent businessman for £1bn, who will then turn it around and take the business public for £10bn. We have number of contenders at the moment bidding for the Bank, including Richard Branson. The bids will not be judged on the price for the bank, but by the largest political donation paid into Tory Party coffers through an offshore bank, by the winning bidder. The price for the Bank has already been decided. This will get best value for the taxpyer and help us get re-elected.
Does anyone here think the taxpayer will get less now then if it had been sold to Branson like Gideon wanted at the time?
The boy’s a financial genius.
I hope all those who constantly bemoan the flogging of the gold at the bottom of the market will also be on Osborne’s case when the value inevitably rises in a few years time.