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Old 05-08-2008, 19:43   #45
andrewb
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Re: Northern Rock Nationalised!

Quote:
Originally Posted by Mancie View Post
It's obvious that you did not invest money/savings in Northern Rock bank...but you seem desperate to wreck the lives of people who do have thier money involved... is this a new Tory strategy?.. no.. i'ts the same old "the strong will survive" tactics..shame on you and your like!
The private sector offered to bail Northern Rock out. Instead Browns indecisiveness left no option open but to nationalise to save customers from losing their money as the bank would have collapsed. The huge burden of debt is now on the British taxpayer, who are already struggling. Its being managed by the state, no doubt with Gordon's famous tinkering, and losing more and more taxpayers money every day.

Its a shame we can't all just keep borrowing and spending, us mere mortals can't just borrow our way out of debt like the government thinks it can.
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