Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

Northern Rock Assets Sold at Last - Good, Now Where’s My Cut.

By Malcolm Stacey

14 November 2015 01:16

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Hello Share Masters. So the Government has accepted £13 billion for selling its mortgages with Northern Rock to the Americans. Yes, that's not a mistake,13 billion pounds!

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Comments

DUCK AND DIVE

14 November 2015, 02:59

Was the question asked in 2008 when HMG nationalised Northern Rock? Or in 2012 when Virgin Money bought Northern Rock from UKFI?
wildrides

14 November 2015, 04:37

The UK GOV has first pull on the assets ………. and apparently it aint got all its money back yet ……….. just saying thats all .
Absolute

14 November 2015, 07:19

In other countries it’s known as confiscation. As far as I understand the only problem was liquid cash not solvency so why not inject cash as with TSB and RBS. They are just thieves and I don’t expect my fair share of the proceeds from either B & B or Northern Rock.

But let’s imagine it had been Worthing & Whitney or Southern Stone!!
Malcolm Stacey

14 November 2015, 12:22

Yes, Duck and Dive It bloody well was!

Wilders: Why does the UK Government have first pull on the assets? They belong to the shareholders until money is realised from them to pay off the debts. The money realised would have paid the debts many times over, but as I explained, patience was needed as people were living in the assets.

Absolute – You are absolutely right. Thank you
Malcolm Stacey

14 November 2015, 12:25

Yes, Duck and Dive It bloody well was!

Wilders: Why does the UK Government have first pull on the assets? They belong to the shareholders until money is realised from them to pay off the debts. The money realised would have paid the debts many times over, but as I explained, patience was needed as people were living in the assets.

Absolute – You are absolutely right. Thank you