Blog posts tagged "Northern Rock"

March 30, 2009 10:29 am No Comments

So Britain’s 12th largest building society goes bust – and the chairman complains that the chancellor isn’t bailing it out. Stunning! If, as some suggest, the Dunfermline Building Society is a victim of reckless lending, what possible obligation does Mr Darling have to bail it out?

March 18, 2009 5:05 pm No Comments

AIG, the US insurer which got through $170bn of taxpayers’ money in order to survive and then had the cheek to pay $165m of it to dozens of senior executives, is up before a congressional committee today.

February 18, 2009 10:30 am No Comments

Can it only be a year since Northern Rock disgraced the British financial system and collapsed under the weight of its own hubris and incompetence? Did we think then that it would prove the Northern tip of a very large iceberg indeed? Above and beyond anyone else I blame my own breed, we journalists, who [...]