Northern Rock

29/02/2008 by orientfan.

I have been discussing something with lil’ Miss OrientFan [tm. pat. pend.] this evening. We both came across it [so to speak] at different times. And, dear readers, take some time out to look it up yourself. Wikpedia is an accurate source of info on this ‘last section - Nationalisation’

Basically, all the ‘good’ mortgage book has been passed on to a mysterious organisation called “Granite” that is supposedly a charitable trust but has never donated any money to the charity it is supposed to help. Unless the decent mortgage book continues to be passed on to Granite they can call in their £45 billion pound loan to Northern Rock.

For once, I’m going to make you do the work. I’ve read enough tonight on this, it is outrageous and apart from Channel 4 news mentioning it about a week ago, has not been mentioned once on mainstream news.

So WE are funding the offshore company. FFS, I was bad at handling finances [and on Tuesday discovered I had transferred more than I thought to Egg so have no food money, one pack of fags and had my last three cans of Stella tonight], but this is an absolute disgrace. What is the Government doing, anyone would think that there are members of the government with some sort of interest in Granite. I, obviously, do not think that. I don’t exactly have teams of lawyers I can pay for

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