Category Archives: northern rock

A good day to bury bad news

Published today – while attention lies elsewhere – the Northern Rock compensation order SI 2008/718 . HIghlights: The schedule para 3 (2) “The amount of compensation payable to a person shall be an amount equal to the value immediately before the … Continue reading

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Northern Rock

What is total potential taxpayer liability in the Northern Rock bail out (without nationalising)? For the answer see Robert Peston here. Better to nationalise Gordon?

Posted in news, northern rock, poll, Uncategorized | 2 Comments

Sch… you know who

 The FT story mentioned here yesterday relating to codename: Blackbird (an anonymous bank being sold with a note that it has received financing from the Bank of England) has been hit by an injunction, the lawyers acting in the removal of … Continue reading

Posted in injunction, northern rock, Uncategorized | 2 Comments

Project Wing: For sale: one bank (code name: Blackbird)

So, want to buy a bank? The documentation discovered by the FT disguises the name of the bank with the codename Blackbird.  However, the passage “On 9 October 2007, Blackbird announced that it had agreed additional facilities, which enabled it … Continue reading

Posted in banks, northern rock, Uncategorized | 1 Comment

Northern Rock promotional literature

I received the following leaflet on Thursday morning with my Northern Rock mortgage statement.

Posted in money news, northern rock, Uncategorized | 7 Comments

Where films went wrong – an occasional series – number 94

It’s a wonderful life. What happened? On the day of his wedding George Bailey is due to leave Bedford Falls and sees a rush to the bank and the Bailey Building and Loan.  George returns to his office and explains … Continue reading

Posted in bloody media, northern rock, people are stupid, Uncategorized, underwritten by bank of england, what more do people want? | 5 Comments