Tuesday, 5 August 2008

A billion here, a billion there

click here to go to the blog Soon it starts to add up to real money. Our money. Northern Rock has run up a loss of half a billion pounds in just six months. Only it is not a problem as having been nationalised it cannot go bust because our tax pounds are underwriting its operation. Northern Rock is making a big deal about having paid £9.4bn of our money to the Bank of England…

Posted on The Waendel Journal.