The nationalisation of Northern Rock
By roosevelt @ Feb 19, 2008 12:16 PM 0 comments
On Sunday February 17th Alistair Darling, the chancellor of the exchequer (Britain's finance minister), announced that Northern Rock would be taken into “temporary public ownership” in the first state takeover of a failed British bank in more than a decade. It is the biggest nationalisation of a British company since the 1970s, but the writing had long been on the wall.
Comments displayed in Thread View, change to Flat view
|
Post Your Comment |
||||
 |
|
|
||
