Summary
AFTER six months of dither, delay and turmoil, the most expensive bail-out in banking history and taxpayer liabilities that could be as high as Pounds 100billion, Chancellor Alistair Darling at last comes up with the 'solution' he least wanted and was utterly desperate to avoid.
Mr Darling insists that - given where we are now - taking Northern Rock into public ownership is the only sensible option and that the private rescues on offer just don't add up.See the full content of this document
Extract
Is This Really a Good Deal for Taxpayers? ; Comment
And he may have a point. Indeed, the thought that a predator such as Richard ...
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