"“We have lent a huge amount of money to the U.S. Of course we are concerned about the safety of our assets. To be honest, I am definitely a little worried.” "


Chinese premier Wen Jiabao 12th March 2009


""We have a financial system that is run by private shareholders, managed by private institutions, and we'd like to do our best to preserve that system."


Timothy Geithner US Secretary of the Treasury, previously President of the Federal Reserve Bank of New York.1/3/2009

Monday, October 22, 2007

Northern Rock - rat leaves sinking ship

NORTHERN 2 VCT PLC
Director declaration
Pursuant to Listing Rule 9.6.14, Northern 2 VCT PLC ('the Company') announces
that Dr Matt Ridley, the non-executive chairman of the Company, resigned as a
non-executive director of Northern Rock (LSE: NRK.L - news) plc with effect from Monday 22 October
2007.
END

...which will probably save him from being charged with issuing fraudulent accounts and running a company whilst insolvent.

5 comments:

paul said...

Poor mr ridley, MATT RIDLEY'S 23 pairs of chromosomes, together with a doctorate from Oxford University, equipped him for a career as a science writer with The Economist and the Daily Telegraph. In 1992 he moved to Newcastle-upon-Tyne and developed a business career alongside writing books about science.

Government, in his words ‘corrupts the original virtue of the marketplace.’ And according to Ridley, Margaret Thatcher’s reforms, though she might not have known it, were based on sound evolutionary principles.

Stef said...

Margaret Thatcher’s reforms, though she might not have known it, were based on sound evolutionary principles.

...as were dinosaurs

paul said...

Ridley again:
Simply this: if you asked intellectuals at almost any time since Malthus to talk about the future, they would have been pessimistic and they would have been wrong. The future (actual) has consistently proved better than the future (forecast).

I think there's something wonky with his banking and precognition genes

Shutter said...

Hey folks, Matt didn't fuck up all on his own, he had a pretty impressive team.... Wanless ...

paul said...

I'm not sure matthew did fuck all apart from trouser 300 grand a year

(C) Very Seriously Disorganised Criminals 2002/3/4/5/6/7/8/9 - copy anything you wish