The Virtual Pub

Come Inside... => The Commons => Topic started by: Barman on November 17, 2011, 11:00:20 AM

Title: Taxpayer £400m out of pocket as Northern Rock is sold off to Virgin Money
Post by: Barman on November 17, 2011, 11:00:20 AM
Quote
  • Government has invested £1.4billion in troubled bank but will receive a maximum of £1billion
  • Gordon Brown said banks would be 'paying money to the British public, not the other way round'
  • But this offer is 'the best deal' for taxpayers, according to the Chancellor
  • Branson's group will not buy the 'bad bank' spun off from Northern Rock

Clicky (http://www.dailymail.co.uk/news/article-2062616/Virgin-Money-buys-Northern-Rock-747m-deal-leaves-taxpayer-400m-pocket.html)

Well I'm buggered! Who'd have thunk it eh...?  ::)
Title: Re: Taxpayer £400m out of pocket as Northern Rock is sold off to Virgin Money
Post by: Snoopy on November 17, 2011, 11:07:41 AM
It is probable that the state (us) will in fact make money out of the "Bad Debts" as eventually they will be repaid, either in cash or by repossession of the properties concerned. Loads of "social housing" problems could be solved.  :thumbsup:
Title: Re: Taxpayer £400m out of pocket as Northern Rock is sold off to Virgin Money
Post by: Barman on November 17, 2011, 11:21:45 AM
Quote from: Snoopy on November 17, 2011, 11:07:41 AM
It is probable that the state (us) will in fact make money out of the "Bad Debts" as eventually they will be repaid, either in cash or by repossession of the properties concerned. Loads of "social housing" problems could be solved.  :thumbsup:
Would you like to buy a bridge....?  whistle:
Title: Re: Taxpayer £400m out of pocket as Northern Rock is sold off to Virgin Money
Post by: Snoopy on November 17, 2011, 11:48:09 AM
Quote from: Barman on November 17, 2011, 11:21:45 AM
Quote from: Snoopy on November 17, 2011, 11:07:41 AM
It is probable that the state (us) will in fact make money out of the "Bad Debts" as eventually they will be repaid, either in cash or by repossession of the properties concerned. Loads of "social housing" problems could be solved.  :thumbsup:
Would you like to buy a bridge....?  whistle:

The clue is in the source
(https://www.virtual-pub.com/SMF/proxy.php?request=http%3A%2F%2Fi.dailymail.co.uk%2Fi%2Fsitelogos%2Flogo_mol.gif&hash=2c3badbfcba4c50c748f583fb7974abdd192bd42)


You are D P Dance and I claim my fiver!
Title: Re: Taxpayer £400m out of pocket as Northern Rock is sold off to Virgin Money
Post by: Uncle Mort on November 17, 2011, 02:48:34 PM
Another bargain from HM Government:

http://www.youtube.com/watch?feature=player_embedded&v=qszmWXpDBWU# (http://www.youtube.com/watch?feature=player_embedded&v=qszmWXpDBWU#)

Rear Admiral Mark Heinrich, chief of the US navy's supply corps, is quoted as saying: "We're taking advantage of all the money the Brits have spent on them. "It's like we're buying a car with maybe 15,000 miles on it. These are very good platforms. And we've already got trained pilots."

It just doesn't seem right somehow.  rubschin:
Title: Re: Taxpayer £400m out of pocket as Northern Rock is sold off to Virgin Money
Post by: Barman on November 17, 2011, 02:58:08 PM
Quote from: Uncle Mort on November 17, 2011, 02:48:34 PM
Another bargain from HM Government:

http://www.youtube.com/watch?feature=player_embedded&v=qszmWXpDBWU# (http://www.youtube.com/watch?feature=player_embedded&v=qszmWXpDBWU#)

Rear Admiral Mark Heinrich, chief of the US navy's supply corps, is quoted as saying: "We're taking advantage of all the money the Brits have spent on them. "It's like we're buying a car with maybe 15,000 miles on it. These are very good platforms. And we've already got trained pilots."

It just doesn't seem right somehow.  rubschin:

It isn't right Uncle...  noooo:

Scrapping harrier was a ridiculous 'decision'.... Shame on the British government....
Title: Re: Taxpayer £400m out of pocket as Northern Rock is sold off to Virgin Money
Post by: Miss Demeanour on November 17, 2011, 06:12:04 PM
So will it be rebranded ....Northern Virgin  lol:
Title: Re: Taxpayer £400m out of pocket as Northern Rock is sold off to Virgin Money
Post by: Pastis on November 17, 2011, 06:36:18 PM
"The Bank that never says No... "    rubschin:
Title: Re: Taxpayer £400m out of pocket as Northern Rock is sold off to Virgin Money
Post by: Nick on November 17, 2011, 06:37:38 PM
 drumroll:
Title: Re: Taxpayer £400m out of pocket as Northern Rock is sold off to Virgin Money
Post by: The Moan Ranger on November 18, 2011, 03:17:02 PM
Virgin Bank. The only bank that won't fuck you!
Title: Re: Taxpayer £400m out of pocket as Northern Rock is sold off to Virgin Money
Post by: apc2010 on November 18, 2011, 03:20:57 PM
Quote from: The Moan Ranger on November 18, 2011, 03:17:02 PM
Virgin Bank. The only bank that won't fuck you!

 ;D ;D ;D