Credit Crunch Puts Taxpayers' [Pounds]24bn at Risk, Admits Rock
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Summary
UP TO [pounds]24billion of taxpayers' cash is at risk if the mortgage drought does not ease, Northern Rock warned yesterday.
The stricken bank's pledge to repay the Bank of England's rescue money by 2010 depends on it persuading homeowners to move to other lenders.See the full content of this document
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Credit Crunch Puts Taxpayers' [Pounds]24bn at Risk, Admits Rock
This will be in jeopardy if higher-risk borrowers cannot find a deal elsewhere.
The number of Northern Rock borrowers falling behind with their mortgages has almost doubled in r...See the full content of this document
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