Northern rock

Absolutely ... people put their money in there thinking they are supporting their region, or even just cause they assume it will be safe - then they (or whoever) goes and runs the place into the ground by wheeling and dealing in dodgy money deals.

Once again, in the end - its the man on the street who suffers.

I think institutions like these need firmer guidelines about just how they get their money, and WHO they lend it to. The loosening of credit laws is partially to blame and YES that was a tory decision, a bad one




(although labour did nothing about it - Gordon brown has kept this country running for a decade on an all you can eat debt binge)

If we knew the answer to that, i'd be selling any valuble organs, bodily fluids and family heirlooms in order to fund a share purchase.

From my few experiences buying and selling shares - i think its a game played by rich people as a means of extracting money from poor people.

If you bought now, they could fall another 25 percent tomorrow.... or they could go up 25 percent. I'd only GAMBLE with what you can afford to lose.

i've got a boatload of shares in the bank of scotland and the prices for them have plummeted!

bastard collapse!

get yer charts out:

Northern Rock over the past 3 month:



bless em, another northern company gone bust due to the government

Most banks will take a hit over this... the whole sector is going to suffer if northern rock go tits up.

Apart from slack regulations - why is it the governments fault? ... or is that what you meant.

acutally saying that all the banks have been in decline regarding share prices etc.

well thats what the charts are saying anyway

and:

LONDON (Reuters) - European shares fell on Thursday, dented by fresh concern about the impact of the credit crunch on banks' profitability following a warning from Deutsche Bank (Xetra: 514000 - news) and another slide in Northern Rock (LSE: NRK.L - news) shares.

Northern Rock tumbled to a record low as concern surfaced about the guarantees offered by the Bank of England on its deposits and on renewed concerns that a potential buyer may not materialise.

Northern Rock shares were last down nearly 30 percent, having lost 76 percent since the start of this month, while Deutsche Bank fell by nearly 2 percent.

London's FTSE 100 (news) index lost 0.4 percent, while Frankfurt's DAX (Xetra: news) eased 0.2 percent and Paris' CAC 40 (Paris: news) fell 0.7 percent.

Deutsche was among the biggest negative weights on the index after Chief Executive Josef Ackermann said late on Wednesday the liquidity crisis would take its toll on third-quarter profits at Germany's biggest bank.

The FTSEurofirst 300 index of top European shares ended unofficially down 0.6 percent at 1,539.89 points. But this followed Tuesday's 2.6 percent rally, the largest one-day gain for the index since early 2003.

"We were always going to get to a point where we eased back a bit, so I think today's fall is negligible in the grand scheme of things," said David Jones, chief markets analyst at CMC Markets.