johannes wrote:
>
> Well, since you asked about the Northern Rock debacle. It wasn't exactly
> planned to be in public ownership, the stupid chancellor should have closed
> it down and sold off the assets to other banks, piece meal if necessary.
> It is now likely to have costs every Tax payer £2k. Ghosh how I could
> have made use of £2k. If NR had been planned from the outset as a public
> organisation, then I can't see why not it shouldn't help people getting
> mortgages, but it was never designed that way. What we have now is a
> sinking ship.
If you had a house that you thought would normally be worth £100k but
the market was temporarily depressed so that buyers were only offering
50k. Would you still sell? |