Ally
Member
Registered: 2nd Jul 03
Location: Pontypool Drives: a Skoda
User status: Offline
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To be fair, i would go and withdraw my money from there, to save any hassle if it did go tits up
and i wouldnt class myself and a stupid member of the public, just someone not willing to take the risk - even if you are insured i wouldnt want the stress 
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mav
Member
Registered: 19th Jun 01
Location: Scotland
User status: Offline
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My mortgage is with them...Doesn't affect me..
As for savings should be safe as Bank of England financing them if they do go bust which is unlikely..
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ed
Member
Registered: 10th Sep 03
User status: Offline
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I bet they just wished they kept quiet on this one. The majority of the public don't really understand what happened and they are just pannicing in angry mob formation.
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AndyKent
Member
Registered: 3rd Sep 05
User status: Offline
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Its the thick media thats done it though. Some reporter probably noticed that they'd applied for the overdraft thing, ran to their editor who said oh yeh, lets stick it on the news with absolutely no facts at all - it'll fill up a couple of days broadcast 
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willay
Moderator
Organiser: South East, National Events
Premium Member
Registered: 10th Nov 02
Location: Roydon, Essex
User status: Offline
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i think it was the bank of england who released the information about them needing emergency funding.
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Mad Moe
Member
Registered: 14th Jun 01
Location: Northumberland
User status: Offline
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If they do go tits up it'll be the ill informed idiots who have been driven by the media that'll cause it
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Hammer
Member
Registered: 11th Feb 04
User status: Offline
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They announced it themselves according to the company's CEO.
There's a current liquidity crisis throughout the globe apparently they're just unlucky the media have decided to latch onto them. At the end of the day the Bank of England aren't going to fund anyone they don't think can repay them, they're no mugs.
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mav
Member
Registered: 19th Jun 01
Location: Scotland
User status: Offline
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exactly hammer.........
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Conway563
Member
Registered: 7th Jun 06
Location: Yate, Bristol
User status: Offline
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It's all because of the sub-prime mortgage crisis in america.
Was 2 people on the local news refusing to leave the branch until they got their £1m savings in cash!?
Edit:
Just read this.
quote:
"Local sporting legend Sir Bobby Robson was showing some solidarity with beleaguered Northern Rock.
The Newcastle United and former England manager was planning to open an online account on Tuesday. He is prevented from visiting a branch in person by illness.
Sir Bobby described the company as a great benefactor.
He said: "All I can say is that Northern Rock has been very supportive and has shown great allegiance to the sporting fabric of the North East for many years and I feel it is only right to support them at this moment."
[Edited on 18-09-2007 by Conway563]
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M2RTY
Member
Registered: 25th May 01
User status: Offline
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they opened an overdraft and did not use it. end of
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M2RTY
Member
Registered: 25th May 01
User status: Offline
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and yes NR shares is a good idea if you want it
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