Comments on: What Should Happen To Northern Rock? http://www.economicshelp.org/blog/finance/what-should-happen-to-northern-rock/ Economics Blog - current events and economics essays Mon, 15 Mar 2010 10:06:19 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: trevor downer http://www.economicshelp.org/blog/finance/what-should-happen-to-northern-rock/comment-page-1/#comment-214 trevor downer Thu, 10 Jan 2008 16:51:16 +0000 http://www.economicshelp.org/blog/finance/what-should-happen-to-northern-rock/#comment-214 Thank you for that reply Tejvan, I only know what I read in the newspapers, I have not read about the Jersey based company but feel that the government must have known about it. OK, don't close down the bank, take over the bank, close the doors to investors and savers, repay the savers from the 26 billion, sorry investors, some you win and some you loose. The government will then own the name Northern Rock, all re-payments will be transferred to the government to repay the amount taken from the 26 billion. Bad luck to the Jersey based company, who presumably loaned money to Northern Rock, and should have known the risks involved, if there is anything left after the tax payers money is returned, they will get it. OK Tejvan, where have I gone wrong this time? Trevor. Thank you for that reply Tejvan, I only know what I read in the newspapers, I have not read about the Jersey based company but feel that the government must have known about it.

OK, don’t close down the bank, take over the bank, close the doors to investors and savers, repay the savers from the 26 billion, sorry investors, some you win and some you loose.

The government will then own the name Northern Rock, all re-payments will be transferred to the government to repay the amount taken from the 26 billion.

Bad luck to the Jersey based company, who presumably loaned money to Northern Rock, and should have known the risks involved, if there is anything left after the tax payers money is returned, they will get it.

OK Tejvan, where have I gone wrong this time?

Trevor.

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