Entries Tagged as 'northern rock'

Northern Rock, Kaupthing and other bait & switch banking disasters

August 4th, 2009 30 Comments

Stacy Summary:  Coincidence or design – the taxpayers seem to be suffering all the bad debts on the loan portfolios they own, but, alas, the bankers themselves are reporting record profits?

Bad loans triple at taxpayer owned Northern Rock

Barclays and HSBC try to defend bonus payments

Kaupthing corporate loan details leaked online

Kaupthing lent millions to insiders, buddies [...]

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More massive losses at taxpayer owned Northern Rock now in breach of regulatory requirements

July 2nd, 2009 3 Comments

Stacy Summary: Wonder if Tesco still interested in buying the Northern Rock turkey?  The other thing about these headlines is that the state of the UK economy and infrastructure are in a bigger state of disaster than the US and most of my friends in UK have far more debt and lower income than my [...]

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Headlines, Headlines, Headlines – 23 April 2009 [Updated]

April 23rd, 2009 12 Comments

Stacy Summary:  Joe Bag of Donuts continues to eat dust.  Lord Bankster continues to pick his dust eating pockets.   “Personal theft” soars 25% in UK.  Police gave no indication on how much is related to bank bailouts.  And, a guy in San Francisco takes some of his money back from the bankers.

Northern Rock reports [...]

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