Comments on: Every worker in the UK chips together to buy bank http://www.evilbanks.co.uk/articles/37 the credit crunch, the financial collapse and the fiat money system. Tue, 06 Jan 2009 14:38:58 +0000 http://wordpress.org/?v=2.2.1 By: admin http://www.evilbanks.co.uk/articles/37#comment-3 admin Thu, 20 Dec 2007 12:35:05 +0000 http://www.evilbanks.co.uk/articles/37#comment-3 <p>OMFG it's gone up to £100bn</p> <p>The amount taxpayers could lose over Northern Rock ballooned to a staggering £100bn today. In a surprise move the Treasury agreed to underwrite all the loans that are currently keeping the bank afloat. That quadrupled the technical liability to the public purse from the £26bn estimated to have been loaned so far to Northern Rock. </p> <p>[<a href="http://www.thisismoney.co.uk/investing-and-markets/article.html?in_article_id=428072&in_page_id=3&ito=1565" rel="nofollow">read article</a>]</p> <p>I've updated the old spreadsheet (again).</p> OMFG it’s gone up to £100bn

The amount taxpayers could lose over Northern Rock ballooned to a staggering £100bn today. In a surprise move the Treasury agreed to underwrite all the loans that are currently keeping the bank afloat. That quadrupled the technical liability to the public purse from the £26bn estimated to have been loaned so far to Northern Rock.

[read article]

I’ve updated the old spreadsheet (again).

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