Taxpayers' cash at risk as Northern Rock warns arrears have doubled in just three mon

Legal Beagles

News

Joined: Aug 2007

Posts: 23074
- Share
- Tweet
#1

Taxpayers' cash at risk as Northern Rock warns arrears have doubled in just three mon

12th May 2008, 21:01:PM

Up to £24billion of taxpayers? cash is at risk if the mortgage drought does not ease, Northern Rock warned yesterday

More...

Tags: arrears, government, mortgage, northern rock
argentarius

Senior Member

Joined: Jan 2008

Posts: 342
- Share
- Tweet
#2

12th May 2008, 23:09:PM

Re: Taxpayers' cash at risk as Northern Rock warns arrears have doubled in just three

What lame-brained rubbish this article is.

It's obvious that the whole amount the Government has lent to NR is, notionally, at risk.

But to claim that the whole amount represents anything like the likely loss is childish and untrue.
Comment

Previous Next

LegalBeagles Group uses cookies to enhance your browsing experience and to create a secure and effective website. By using this website, you are consenting to such use.To find out more and learn how to manage cookies please read our Cookie and Privacy Policy.

If you would like to opt in, or out, of receiving news and marketing from LegalBeagles Group Ltd you can amend your settings at any time here.

If you would like to cancel your registration please Contact Us. We will delete your user details on request, however, any previously posted user content will remain on the site with your username removed and 'Guest' inserted.

Taxpayers' cash at risk as Northern Rock warns arrears have doubled in just three mon

Taxpayers' cash at risk as Northern Rock warns arrears have doubled in just three mon

Comment

Announcement

Court Claim ?