It’s Grim Up North: We Own Bradford And Bingley
SAYS the Telegraph: “Financial crisis: Bradford & Bingley nationalisation will cost taxpayers £150bn.”
So says the Telegraph, which should note that it won’t it will only cost the British taxpayer £150bn if not a single one of B&B’s debtors repays their mortage..
But still, let’s try and make things sound worse than they are…
Posted: 29th, September 2008 | In: Broadsheets, Money Comments (10) | Follow the Comments on our RSS feed: RSS 2.0 | TrackBack | Permalink
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Regular Features
September 29th, 2008 at 3:40 pm
I can see that the Savile Row suit covers a heart of pure gold; do be careful, though.
The way things are going fully secured may not be enough; you may have to repel Somalian pirates, sorry, environmental activists, mining for precious metals …
September 29th, 2008 at 3:20 pm
I pity the fools
September 29th, 2008 at 3:05 pm
It’s all very well for the likes of Fully Secured Bank Funding Pigeon to take the mick, but those of us without his advantages are going to be feeling the cold blasts of recession.
And I’m not just talking about his feathers…
September 29th, 2008 at 2:58 pm
in answer to the article’s final question - Buggered & Bolloxed seems to be appropriate…
September 29th, 2008 at 2:55 pm
No, Saul.
Unfortunately not.
Hanging, drawing and quartering the Board of Directors would work, though…
September 29th, 2008 at 2:51 pm
if you only owe 15 pence on your mortgage you might be able to !
September 29th, 2008 at 2:50 pm
On the other hand, cutting edge finance seems to have come close to cutting our throats…
September 29th, 2008 at 2:50 pm
If you are a shareholder and a mortgage holder, can you call it Quits?
September 29th, 2008 at 2:49 pm
Though it’s so embarrassing that they went all retro; management buyouts aren’t exactly cutting edge finance, are they?
September 29th, 2008 at 2:43 pm
which very nearly happened if MFI hadn’t been saved!