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Northern Rock To Be Split Into Two Banks
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Author:  pcernie [ Thu Sep 24, 2009 1:14 am ]
Post subject:  Northern Rock To Be Split Into Two Banks

http://news.sky.com/skynews/Home/Busine ... 7715?f=rss

Author:  Amnesia10 [ Thu Sep 24, 2009 11:50 am ]
Post subject:  Re: Northern Rock To Be Split Into Two Banks

The good bank bad bank model is fair enough but I reckon that this move is because the government are desperate to want to be seen to be doing the right thing for banks and re listing it. The problem is that they should have broken the bank up a year ago. The real issue now is what crap will be left with the government and how long before it is eliminated, and how much this will cost the taxpayers overall.

Author:  pcernie [ Thu Sep 24, 2009 12:25 pm ]
Post subject:  Re: Northern Rock To Be Split Into Two Banks

Amnesia10 wrote:
The good bank bad bank model is fair enough but I reckon that this move is because the government are desperate to want to be seen to be doing the right thing for banks and re listing it. The problem is that they should have broken the bank up a year ago. The real issue now is what crap will be left with the government and how long before it is eliminated, and how much this will cost the taxpayers overall.


+1

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