Can anyone tell me what it means that Northern Rock will be bought into ‘public ownership’? Does it mean that I, as part of the public, become an owner? Can I get dividend when the bank starts making money? Can I go in, as an owner, whenever I want and withdraw my share? Can I sell my part and buy a candy shop instead?
What a misnomer; what a spin!
All it really means is that they will use my money to buy something I cannot use or enjoy. And some still claim that the capitalist democratic world is what we should impose on our neighbors.
Blind leading the blind?
nultygoestopartick
I have looked into this one quite deeply and the train of thought is that, that's what had to be done, had it not it would have impacted on the''City of London'' as a whole and could have been disastrous.
So there we are mere mortals owning a bank and not got a pot to piss in.
The thing that i find strange is that they are still paying higher rates of interest to the savers than most of the other banks.