i wondered that
but it sounds as if it's a different type of loan (i might be wrong on this cos none of the media stuff is exactly clear...) with the Barclays loan being an emergency overnight loan, which i understand is quite common and iirc is more to do with the banking rules and laws that are in place in this country and a certain amount having to be held with the Bank of England, in cash, at the end of each working day, Whereas the Northern Rock loan sounds a little more long term...
(this may be down to me misunderstanding things, but it's the only thing that seems to make sense to me)
Posted By: blindasabat on September 15th 2007 at 14:23:20
Message Thread
- The Northern Rock thing (General Chat) - Iwan Husarmi, Sep 15, 12:16:28
- i wondered that (General Chat) - blindasabat, Sep 15, 14:23:20
- alot of fuss over a non story - typical of the media (n/m) (General Chat) - Commisar_Canary, Sep 15, 23:50:39
- Because NR issued a profits warning and their share price plumetted (General Chat) - BerlinCanary, Sep 15, 12:59:32
- No way near as bad as it was made out... (General Chat) - Alan, Sep 15, 12:34:18
- The only thing that will fuck them up everyone taking their cash out, (General Chat) - tudders, Sep 15, 12:37:33
- this is true. blame the media causing this. (General Chat) - Alan, Sep 15, 12:41:26
- And the reason people are taking their money out (General Chat) - Iwan Husarmi, Sep 15, 12:39:39
- The only thing that will fuck them up everyone taking their cash out, (General Chat) - tudders, Sep 15, 12:37:33
- i wondered that (General Chat) - blindasabat, Sep 15, 14:23:20
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