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dinahsmum's Avatar
Catsey Veteran
 
Cats owned: 2 moggie boys; 1 grey 1 red striped
Join Date: Sep 2004
Location: SW England
Posts: 12,761
18-02-2008, 12:04 PM   #1

Northern Rock


Everyone OK with the Northern Rock situation?
I was a bit alarmed to hear 'an expert' on the radio this morning talking of two other banks in similar difficulties! Eek
All because of greed/stupidity in the US? - or do we deserve a share of the responsibility for the 'Credit Crunch' too? (and why do we have to have a silly catch-phrase for horrible things? The worst is 'Happy-Slapping' - Oh no it's not )



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alexgirl73's Avatar
Catsey Veteran
 
Cats owned: 2 lovely boys and a beautiful girl
Join Date: Sep 2006
Location: Telford UK
Posts: 10,652
18-02-2008, 12:45 PM   #2

Re: Northern Rock


I don't think I'd even heard of Northern Rock until all this started!! I hope no one is affected. What are the other two banks mentioned DM?



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Kazz's Avatar
Catsey Veteran
 
Cats owned: Non at the moment
Join Date: Nov 2004
Location: Planet Earth
Posts: 16,817
18-02-2008, 12:49 PM   #3

Re: Northern Rock


Does seem slightly concerning. A lot of people I imagine will feel the crunch now. But one wonders in some cases if they should have had/been given the amount of debt they have.

And credit card companies now appear to be "withdrawing" their product/services from people who pay their balances in full every month - I assume as they do not make any money for the company.

I imagine their are a few banks on the touchline waivering between life and death,



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dinahsmum's Avatar
Catsey Veteran
 
Cats owned: 2 moggie boys; 1 grey 1 red striped
Join Date: Sep 2004
Location: SW England
Posts: 12,761
18-02-2008, 12:58 PM   #4

Re: Northern Rock


Quote:
Originally Posted by alexgirl73
I don't think I'd even heard of Northern Rock until all this started!! I hope no one is affected. What are the other two banks mentioned DM?
person being interviewed said 'two' and when pressed by the interviewer said London and Scottish, which he agreed was a small bank but didn't name the second.



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alexgirl73's Avatar
Catsey Veteran
 
Cats owned: 2 lovely boys and a beautiful girl
Join Date: Sep 2006
Location: Telford UK
Posts: 10,652
18-02-2008, 01:02 PM   #5

Re: Northern Rock


Time to stick a cardboard box under the bed I think lol.



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