it is fraud, just spun to make you think you should be greatful for getting shafted for only £21billion of taxpayers money [the "bad" bank]
branson only payed £50million not £747 [the "good" bank]
& the financial times would like to tell you all about it
ft: Financier who got Northern Rock rolling
ft: Who’s paying for all those yachts?
ft: Northern Rock cash used to fund deal
thanks to aangirfan
big bad banks - eps 213 - good second half interview with Richard Thomas
"Every week Max Keiser looks at all the scandal behind the financial news headlines. This week Max Keiser and co-host, Stacy Herbert, discuss the Koch Brothers and MF Global and Northern Rock and Richard Branson's blonde hair and big, shiny teeth. In the second half of the show, Max talks to independent radio journalist Richard Thomas about Occupy LSX, poll tax riots and financial apartheid"
the full richard thomas interview: if you don't want to click through the longer one above :]
"you can't just pursue the [financial] terrorists in some symbolic way, it's not just those individuals, it's the system that perpetuated the corruption, it is the system that has to be dismantled" - "the people are not docile prols" - richard thomas