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

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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

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Tags: arrears, government, mortgage, northern rock
argentarius

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Joined: Jan 2008

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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.
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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

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