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It's funny how all the wise commentators who were convinced that NR was a viable business back in September that would soon get out of its "short-term" problems, are now saying that nationalsation was inevitable and should have happened as soon as it was obvious the problems were deep-seated.

Ah, the beneifits of the traditional media never having to account for yesterday.

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Fri Dec 14th, 2007 at 06:25:37 AM EST
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Branson hasn't been 'struggling to finalise a deal.' Branson and the other eager suitor have been struggling to find someone stupid enough to lend him the £11bn the BoE wants paid back immediately.

If it were that easy to borrow £11bn - except from the BoE - NR would never have gone down in the first place.

So this will be another example of Colman's law - bail out->nationalise->privatise at a giveaway price->trebles all round!

Darling will probably lose his job over this. Eventually.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Fri Dec 14th, 2007 at 07:44:35 AM EST
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...Chavez and Morales are on the phone laughing their butts off, joking about the Bank of the South making a bid post-nationalization.

Our knowledge has surpassed our wisdom. -Charu Saxena.
by metavision on Fri Dec 14th, 2007 at 03:52:58 PM EST
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