The markets have spoken and Northern Rock is on the up. All is well as Gordon denies he has been doing deals with Branson whilst ego-tripping around the world.
Today though I present the links to the key European laws on state aid which may come into play. no doubt Goldman Sachs has had its legal team pouring over this and they have come to the conclusion that the Government is on safe ground.
One of the downsides to expensive lawyers is that they often tell you what you want to hear and there are always two sides to every case.
My view is that the Government could well face an investigation under the terms of article 81/1 2.2.2. The Commission could argue that the bonds issued give the company an extra benefit in the market and have prevented administration. Any views from lawyers reading this?
Somehow I don't think the formidable Neelie Kroes is going to make life easy for Badger and Gordon.
Now they just have to get the bonds away in this market....
I have sold my BT shares which I had since Sid advised me to buy them in light of the coming apocalypse.. however the 'broker' said there was only £11 left after his commission.. very disappointing!!
ReplyDeleteTgere is a leetter in the DT on this very subject this AM Its been bubbling away since the Govebnment first started intervening , hasn`t it, in one way or another.
ReplyDeleteI don`t think the EU dare and a formula will have to be found . It wil be fascinating to see how a fig leaf is hung on this though.
PS My blog now finished thanks for looking in.
Mutley - that broker will be fired for leaving you with £11.
ReplyDeleteN - I have left a wreath at your place. I shall look at the letters page on my way home...
ReplyDeleteI agree with Newmania, the EU will not dare to intervene. If it was just the UK that was affected then they would stick the knife in good and proper like the always do - but since the Germans are in it up to their necks they will be forced to turn a blind eye. German Dax was down 8% yesterday on write-downs from WestLB bank. Down almost another 2% today.
ReplyDeleteThe chap whom The Times pays to promote financial complacency has suddenly lost his head and been blunt about Brown. He also has a nice anology for the Northern Rock rescue - using your Mastercard to pay off your Visa bill.
ReplyDelete"using your Mastercard to pay off your Visa bill"
ReplyDeleteExcept it should be using your neighbours Mastercard to pay the Visa bill of the local confidence trickster
"poring over"
ReplyDeleteNo-one could accept leaving the people of the North East standing in the rain. We always had to pay for some kind of shelter and then rebuilding of wealth-creating opportunities.
ReplyDeleteWhat sticks in the craw is the manner of this. And the suffocation of entrepreneurial activity and choice for the North East.
Having to suck up to Applegarth and his sidekicks and cronies - yuk.
sorry mw - should have been pawing...
ReplyDeleteaaaa片, 免費聊天, 咆哮小老鼠影片分享區, 金瓶梅影片, av女優王國, 78論壇, 女同聊天室, 熟女貼圖, 1069壞朋友論壇gay, 淫蕩少女總部, 日本情色派, 平水相逢, 黑澀會美眉無名, 網路小說免費看, 999東洋成人, 免費視訊聊天, 情色電影分享區, 9k躺伯虎聊天室, 傑克論壇, 日本女星杉本彩寫真, 自拍電影免費下載, a片論壇, 情色短片試看, 素人自拍寫真, 免費成人影音, 彩虹自拍, 小魔女貼影片, 自拍裸體寫真, 禿頭俱樂部, 環球av影音城, 學生色情聊天室, 視訊美女, 辣妹情色圖, 性感卡通美女圖片, 影音, 情色照片 做愛, hilive tv , 忘年之交聊天室, 制服美女, 性感辣妹, ut 女同聊天室, 淫蕩自拍, 處女貼圖貼片區, 聊天ukiss tw, 亞亞成人館, 777成人, 秋瓷炫裸體寫真, 淫蕩天使貼圖, 十八禁成人影音, 禁地論壇, 洪爺淫蕩自拍, 秘書自拍圖片,
ReplyDelete做愛的漫畫圖片, 情色電影分享區, 做愛ㄉ影片, 丁字褲美女寫真, 色美眉, 自拍俱樂部首頁, 日本偷自拍圖片, 色情做愛影片, 情色貼圖區, 八國聯軍情色網, 免費線上a片, 淫蕩女孩自拍, 美國a片, 都都成人站, 色情自拍, 本土自拍照片, 熊貓貼圖區, 色情影片, 5278影片網, 脫星寫真圖片, 粉喵聊天室, 金瓶梅18, sex888影片分享區, 1007視訊, 雙贏論壇, 爆爆爽a片免費看, 天堂私服論壇, 情色電影下載, 成人短片, 麗的線上情色小遊戲, 情色動畫免費下載, 日本女優, 小說論壇, 777成人區, showlive影音聊天網, 聊天室尋夢園, 義大利女星寫真集, 韓國a片, 熟女人妻援交, 0204成人, 性感內衣模特兒, 影片, 情色卡通, 85cc免費影城85cc, 本土自拍照片, 成人漫畫區, 18禁, 情人節阿性,
情色電影, aio交友愛情館, 言情小說, 愛情小說, 色情A片, 情色論壇, 色情影片, 視訊聊天室, 免費視訊聊天, 免費視訊, 視訊美女, 視訊交友, ut聊天室, 視訊聊天, 免費視訊聊天室, a片下載, av片, A漫, av dvd, av成人網, 聊天室, 成人論壇, 本土自拍, 自拍, A片, 愛情公寓, 情色, 舊情人, 情色貼圖, 情色文學, 情色交友, 色情聊天室, 色情小說, 一葉情貼圖片區, 情色小說, 色情, 色情遊戲, 情色視訊, 情色電影, aio交友愛情館, 色情a片, 一夜情, 辣妹視訊, 視訊聊天室, 免費視訊聊天, 免費視訊, 視訊, 視訊美女, 美女視訊, 視訊交友, 視訊聊天, 免費視訊聊天室, 情人視訊網, 影音視訊聊天室, 視訊交友90739, 成人影片, 成人交友,
ReplyDelete免費A片, 本土自拍, AV女優, 美女視訊, 情色交友, 免費AV, 色情網站, 辣妹視訊, 美女交友, 色情影片, 成人影片, 成人網站, A片,H漫, 18成人, 成人圖片, 成人漫畫, 情色網, 日本A片, 免費A片下載, 性愛, 成人交友, 嘟嘟成人網, 成人電影, 成人, 成人貼圖, 成人小說, 成人文章, 成人圖片區, 免費成人影片, 成人遊戲, 微風成人, 愛情公寓, 情色, 情色貼圖, 情色文學, 做愛, 色情聊天室, 色情小說, 一葉情貼圖片區, 情色小說, 色情, 寄情築園小遊戲, 色情遊戲, 情色視訊,