tag:blogger.com,1999:blog-2948538160252327076.post6383014540583111512..comments2023-11-02T15:48:50.381+00:00Comments on UK Bubble UK Economy: When a bank goes.....Alice Cookhttp://www.blogger.com/profile/05753570123987780947noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-2948538160252327076.post-89081409116324161182009-03-21T05:18:00.000+00:002009-03-21T05:18:00.000+00:00Such happy days.Such happy days.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-61467260768067020302009-03-20T16:58:00.000+00:002009-03-20T16:58:00.000+00:00True, but once they'd made that loan and nationali...True, but once they'd made that loan and nationalised it, they were in fact doing the right thing - not making any new loans and encouraging borrowers to remortgage elsewhere - the taxpayer loan was being repaid ahead of schedule - leaving all the crap behind.<BR/><BR/>That is, until recently.<BR/><BR/>NB - when a customer withdraws his or her money, that's not actually a loss to the bank, it just forces them to refinance with something else.Mark Wadsworthhttps://www.blogger.com/profile/07733511175178098449noreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-54182952839630972642009-03-20T16:54:00.000+00:002009-03-20T16:54:00.000+00:00"horse, bolt, barn door": only in the US, dear. H..."horse, bolt, barn door": only in the US, dear. Hereabouts it's "stable", not "barn".Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-51755614129370983502009-03-20T14:06:00.000+00:002009-03-20T14:06:00.000+00:00But wouldn't it have been even better if they had ...But wouldn't it have been even better if they had instantly agreed to guarantee sy £500,000 deposits for existing bank customers.<BR/>That dreadful inaction and Brown's [now almost forgotten, but he had form} indecision caused a bad situation to get worse.<BR/><BR/>My main recollection of NR from the TV was all the media types huddling around the Northern Rock branch in Kingston-upon-Thames, interviewing the same queue of pensioners.<BR/>Kingston being just a short hop on the district line and a cab ride from Wimbledon away from BBC HQ.<BR/>Good shopping too and no hard to understand accents.Bill Quango MPhttps://www.blogger.com/profile/14861116614665461655noreply@blogger.com