Didn't Lloyds Bank come in with an offer?

And it was rejected for some strange reason, and that there was an election in the offing?

What I fail to understand is that the City had seem this coming for a while. NR’s share price had been heading south for a few months, although the NR analysts would never go so far as to advise to get our while you can, someone from the regulators must have at least had a view on what was likely to happen.

And I’m also struggling with how JP Morgan managed to buy Bear Stearns over a weekend for an initial offer of 2 dollars a share (although raised to 10 a week later) and Lloyds were barred from baling out NR.

There was a run on both institutions. One was dealt with quickly and one has been dragging on and on. Yes - JP Morgan have got much richer, and even a few city boys making enough to retire would have been preferable to the NR shambles at the moment.

Posted By: KentonCanary, Mar 31, 16:53:08