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Monday, March 17, 2008

HOW TO RESCUE A FAILING BANK

A quick haggle, a visit to the lawyers, and a bank is bought and rescued over a week-end in New York. That’s the way to do it. It makes the UK’s attempted private sector rescue of Northern Rock look ham fisted, long winded and ultimately unsuccessful in comparison.

// posted by neil craig @ 5:54 pm
Comments:
But Lloyds TSB made an offer on just the same lines for Northern Rock BEFORE there were queues outside its branches. Pure Gordon Brown cock-up.
# posted by Anonymous Anonymous : March 17, 2008
 
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