Northern Rock research thread

[John White]

Watcha everyone

On Radio 4 this morning an economist was featured who stated the cost of the Rock bail out is now £58 Billion: pretty much a million for every citizen of britain

I've been trying to get some evidence of this amount to do some kick arse over this and connect the dots on this scam, but not having much success

Anyone help?

And whilst we are at it: just how badly are we being screwed? (Rhetorical)

[blackcat]

[John White]

[rodin]

My doom charts thread

Latest Observations:
Date 2007-08-01 2007-09-01 2007-10-01 2007-11-01 2007-12-01
Value 43.946 40.972 42.239 42.268 27.151

http://research.stlouisfed.org/fred2...?rid=19&soid=1

Extrapolating the rate of decline of 'Non-Borrowed Reserves of Depositary Institutions' we see zero looming this week

2008-01-01

42-27= 15

http://goldismoney.info/forums/showthread.php?t=222391

[conspiracy analyst]

Two private equity funds it was revealed on Channel 4 have bought the equivalent of 17% of shares of Northern Rock when they were under £1 each. Having bought them the UK government then gave guarantees equivalent to £58 billion.

If they don't offload the bank soon they will need to pump more money in. They will then be in the position of liquidating all taxpayers money to private equity funds. If they nationalise it it will send a signal that private banks can get taken over at will exactly like what happened to the shareholders of Railtrack. The only difference being that Railtrack was a national concern prior to being privatised.

Northern Rock was always a private concern.

[blackcat]

[conspiracy analyst]

[blackcat]

[conspiracy analyst]

[TonyGosling]

Andrew Kirkland, a 26-year-old systems analyst,
Northern Rock drives 'whistle blower' to brink of suicide with £130,000 legal action


Mr Kirkland’s ordeal began after it emerged that executives at Northern Rock – some of whom were blamed for last year’s financial crisis which led to the resignation of chief executive Adam Applegarth – were being paid hundreds of thousands of pounds in special retention bonuses, effectively doubling their salaries.

He also appears to have been held responsible for a story last month, relating to the bank’s plan to close branches and freeze accounts without warning, leaving customers with no access to money.

This plan, which was discussed immediately after the crisis became public last September, was never implemented.

Mr Kirkland, who worked for the bank for four years, has always denied he was the source of these articles.

But since January, he says Schillings has bombarded him with phone calls, letters and emails aimed at making him accept an agreement.

In the proposed deal, the bank said it would drop disciplinary proceedings and waive damages if Mr Kirkland would be potentially liable for its legal costs of £130,000 which, it warns, could increase at a later stage.

He would have his resignation accepted, but would have to keep the terms of the agreement confidential.

Mr Kirkland claims he has been left a psychological wreck and, after being told he was not allowed to write to MPs asking for help, ‘started to cry and could not stop crying’.

Doctors have confirmed he is seriously depressed and suffers from regular panic attacks.

Mr Kirkland, who has been unable to find a solicitor to take his case and is facing bankruptcy, also says the stress contributed to the breakdown of his four-year relationship.

http://www.dailymail.co.uk/news/article-1036611/Northern-Rock-drives-w histle-blower-brink-suicide-130-000-legal-action.html