Northern Rock sold to Branson for half price?

[LordRaven]

George Osborne says it is a good deal??

WTF???

[Guest]

George Osborne says it is a good deal??

WTF???

Has anyone seen him or Dave this week?

This reminds me of the Lamont Gold episode where he sold tonnes of gold for a quarter of the price Brown did.

Who voted for these scumbags?

[spicy]

George Osborne says it is a good deal??

WTF???

Well apparently when the workers heard Richard Branson was buying it they all cheered.

There's something to be said for keeping the workers happy.

According to some of the financial experts it was the best deal of a bad lot. These people must know what they are talking about.

[LordRaven]

George Osborne says it is a good deal??

WTF???

Has anyone seen him or Dave this week?

This reminds me of the Lamont Gold episode where he sold tonnes of gold for a quarter of the price Brown did.

Who voted for these scumbags?

All the rich Toff Cunts probably?

[LordRaven]

George Osborne says it is a good deal??

WTF???

Well apparently when the workers heard Richard Branson was buying it they all cheered.

There's something to be said for keeping the workers happy.

According to some of the financial experts it was the best deal of a bad lot. These people must know what they are talking about.

Oddly enough that is exactly what an "expert" said on TV just now and he further speculated that Osborne has sold at the right time because many banks would sell for less than half if sold today--whereas Northern Rock was sold for more than half.

They can say what they like but I cant help feeling the Taxpayer has lost out,yet again.

Why did Brown not make it clear to all Banks and a condition of terms that the Bonus Culture was to be shelved and any and all pay rises quashed until ALL Taxpayers money was repaid in full?

The Bankers seem to be in permanent "Win Win and Win Again" situations and the public "Lose Lose and Lose Again and Again and Again"?

It really is frustrating.

[Guest]

George Osborne says it is a good deal??

WTF???

Well apparently when the workers heard Richard Branson was buying it they all cheered.

There's something to be said for keeping the workers happy.

According to some of the financial experts it was the best deal of a bad lot. These people must know what they are talking about.

Oddly enough that is exactly what an "expert" said on TV just now and he further speculated that Osborne has sold at the right time because many banks would sell for less than half if sold today--whereas Northern Rock was sold for more than half.

They can say what they like but I cant help feeling the Taxpayer has lost out,yet again.

Why did Brown not make it clear to all Banks and a condition of terms that the Bonus Culture was to be shelved and any and all pay rises quashed until ALL Taxpayers money was repaid in full?

The Bankers seem to be in permanent "Win Win and Win Again" situations and the public "Lose Lose and Lose Again and Again and Again"?

It really is frustrating.

That's what capitalism is all about getting the 80% to scrabble around for the remaining 20%.

You've just worked it out. Well done.

[LordRaven]

George Osborne says it is a good deal??

WTF???

Well apparently when the workers heard Richard Branson was buying it they all cheered.

There's something to be said for keeping the workers happy.

According to some of the financial experts it was the best deal of a bad lot. These people must know what they are talking about.

Oddly enough that is exactly what an "expert" said on TV just now and he further speculated that Osborne has sold at the right time because many banks would sell for less than half if sold today--whereas Northern Rock was sold for more than half.

They can say what they like but I cant help feeling the Taxpayer has lost out,yet again.

Why did Brown not make it clear to all Banks and a condition of terms that the Bonus Culture was to be shelved and any and all pay rises quashed until ALL Taxpayers money was repaid in full?

The Bankers seem to be in permanent "Win Win and Win Again" situations and the public "Lose Lose and Lose Again and Again and Again"?

It really is frustrating.

That's what capitalism is all about getting the 80% to scrabble around for the remaining 20%.

You've just worked it out. Well done.

Your attempt at sarcasm does not alter the fact that Brown acted like a complete cunt and now Osborne does likewise and we all have to endure yet another massive loss whilst the wankers who perpetrated this bloody mess seem to be well catered for?
What a farce?
Gaol the bastards!!
And/or,as you seem such a clever know it all,perhaps you ought to be running the country?
I am sure we would all be better off with your all knowing brain at the helm?
So,what would you do?

[Maddog]

What is half price? Half what it's currently worth, or half what it once was worth?

[Guest]

What is half price? Half what it's currently worth, or half what it once was worth?

currently

[Maddog]

What is half price? Half what it's currently worth, or half what it once was worth?

currently

So why are they selling it for half it's current worth?

[Maddog]

OK, read the other thread about this. Now I have no idea where the "half" price came from. Seems like it is being sold at fair market value, but that's only a guess. I would need to see the books and have a team of accountants explain half the items to me.

[Guest]

What is half price? Half what it's currently worth, or half what it once was worth?

currently

So why are they selling it for half it's current worth?

Our conservative/republican govt like others are absolutely hopeless

[Maddog]

What is half price? Half what it's currently worth, or half what it once was worth?

currently

So why are they selling it for half it's current worth?

Our conservative/republican govt like others are absolutely hopeless

Not sure that is the case. What is the current market value of Northern Rock, and what is the sales price?

[LordRaven]

What is half price? Half what it's currently worth, or half what it once was worth?

currently

So why are they selling it for half it's current worth?

Our conservative/republican govt like others are absolutely hopeless

Not sure that is the case. What is the current market value of Northern Rock, and what is the sales price?

OP on other thread

[Maddog]

OK the price is somewhere between 747 and billion pounds sterling. It does not say what the value of the bank is. Remember, value and cost are two very different numbers. What someone has paid for something, or invested in something has nothing to do with value. A value of a bank would be based on the current and projected income streams.