Sebrof Posted April 11, 2008 Share Posted April 11, 2008 More seriously, how come the government can suddenly find £100 billion to bail out Northern Rock? Stop reading the Telegraph. They haven't found 100 billion to bail out NR. They have made loans of much less than that, and the loans are secured. As well as taking over the liabilities, the goverment has also acquired assets. Unless the house price collapse is worse than most people expect, the tax payer should see a profit on the deal. Sebrof Link to comment Share on other sites More sharing options...
Manxman2000 Posted April 12, 2008 Share Posted April 12, 2008 Step forward Richard Corkill and give us all advice on receiving grants for home improvments Link to comment Share on other sites More sharing options...
thebees Posted April 13, 2008 Share Posted April 13, 2008 Sebrof - wasn't there something about the majority of the 'assests' belonging to a partially owned subsidiary or some such other 'trick'? I have wondered why the UK government have sold off profitable things like the railways, old peoples homes, the telecoms, gold, etc etc and now are 'buying' crap banks, it seems off its head to me. As for that Corkill man, like I have said in the past, some people have no shame and he is one of them. It is the likes of them who benefit these kinds of grant, the majority pay for their own home improvements. Link to comment Share on other sites More sharing options...
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