Northern Rock - sanderson contin ues the stream of lies about the company's funding

Matt Ridley,then chairman Northern Rock told a Parliamentary committee on Oct. 16 it had borrowed about 13 billion pounds.

His replacement as chairman Bryan Sanderson, told The Newcastle Journal newspaper, in an article posted on their website on Thursday November 1st in an interview with Sanderson in which he was quoted as saying: "The debt is not quite 20 billion pounds just yet but it's getting there and it could be as much as 25 billion pounds by February".

On Thursday afternoon November 1st , figures from the Bank of England showed Northern Rock has now borrowed up to 22.8 billion pounds since being offered emergency funds on Sept. 14.

"If a few little things had been different this might never have happened," Sanderson told the Newcastle Journal.

Such as the Board being involved in a criminal conspiracy, preparing and issueing accounts knowing them to be fraudulent, trading whilst insolvent and continuing to lie and provide misleading information to the Stock Market, the Press, the Public, borrowers and lenders.

A week ago we exposed the soraing debt at the BOE, the controversial history of Sanderson at the Alliance and Leicester and called for administrators to be called in.A week later it is evident that sandersonn hasn't a clue what is gouing on and continuing to make misleading and dishionmest statements.

Trade in the shares is a false market and should be stopped without delay.