"“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, November 19, 2007

Northern Rock ... £30 - £40 Billion in the hole and still we can raise a smile

As @ 4.26 pm

http://blogs.guardian.co.uk/news/2007/11/darling_on_northern_rock_live.html

nutsch comments on the running commentary of Darling's blathering to the HOC ...

Comment No. 790981he replies to a previous enquiry from commentator shacfan November 19 16:13

"Does this mean I can stop paying my mortgage?"

Presumably you can go to the Northern Rock and explain that you are solvent, but suffering from a short-term liquidity crisis and need a loan of about half of your mortgage value to see you through the next few weeks.

Might work

at 11/19/2007 04:26:00 pm

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