Reply To: Queuing for retiring savings out of Northern Rock bank

#75019
Anonymous
Participant

Chancellor Alistair Darling said this morning on BBC World News that he and the Bank of England made this decision simply because Britain has a very strong economy and by doing this (helping Northern Rock) they will keep it that way, or words to that effect.

But how far will they go when the next mortgage lender flounders, remembering that earlier this week both Darling and Bank of England governor Mervyn King emphasised that there should be no bail outs for banks?

For time like this think Gran had the best idea – kept all under the mattress.