Mekstizzle
WALKER
+3,611|7058|London, England
Alright, I'll admit I don't know much about this. Except for the fact that this Company/Bank fucked up big time and lost a lot of money. Ok, now MP's are talking about nationalising it, why?

Why should the whole country have to waste its (tax) money on a private company's failure? Someone explain this to me. I don't get it. Is this just being done so Labour get votes from N.Rock customers or something. Fuck that shit.

Unless I've got this whole thing wrong.
S.Lythberg
Mastermind
+429|6884|Chicago, IL
welcome to the land of government subsidies...

I'd assume that the bank's loans and accounts were insured by the government, so that should the bank flop, people wouldn't lose the money that the bank had invested.
mikeyb118
Evil Overlord
+76|7035|S.C.
I don't see why we should bail them out darling.
Monkey Spanker
Show it to the nice monkey.
+284|6689|England
The goverment is bailing out Northern Rock until it is sold basically to Richard Branson, because if the bank went down the shitter there would be a huge load of shit hit the fan like the credit crisis in the USA but on a smaller scale, and seeing as northern rock are one of the biggest mortgage lenders in the UK that could be a problem.
Quote of the year so far "Fifa 11 on the other hand... shiny things for mongos "-mtb0minime
https://bf3s.com/sigs/f30415b2d1cff840176cce816dc76d89a7929bb0.png
Jepeto87
Member
+38|7122|Dublin
People could lose there homes and savings, the goverment should step in on this occasion and keep a better eye of the rest of the banks in the future so this dos'nt happen again!
Turquoise
O Canada
+1,596|6842|North Carolina
Bailing out any company is a bad idea unless it is truly nationalized -- the profits go back to the government and the people.  Otherwise, it's nothing more than corporate welfare.

Board footer

Privacy Policy - © 2025 Jeff Minard