[Newsbot]

Title: Bradford & Bingley Set for Takeover or Nationalization by UK
Category: Business
Posted By: tritium
Date: 2008-09-28 16:39:15

[tritium]

Another bank bites the dust...

Makes you wonder what happen to all the money, Bradford & Bingley, Fortis, Fannie Mae, Freddie Mac, AIG or Lehman.

[travior]

All the idiots in parlement and congress will use the profits for new oak desks and cushy new chairs to uphold where their ass-sets. Oh... I mean, it will probably get reinvested to make repay the good citizens for their cash donation by taxation

[Toro]

Fortis is being taken over the Benelux governments.

European banks are more leveraged than American banks. Its only a matter of time before the European financial system gets whacked as well.

[tritium]

$1:

Bradford & Bingley Plc, Britain's biggest lender to landlords, may be taken over by another bank or nationalized today under a U.K. government-backed plan to protect 21 billion pounds ($39 billion) of customer deposits.

Look like the U.K. is taking a hit..

[Toro]

tritium tritium:

$1:

Bradford & Bingley Plc, Britain's biggest lender to landlords, may be taken over by another bank or nationalized today under a U.K. government-backed plan to protect 21 billion pounds ($39 billion) of customer deposits.

Look like the U.K. is taking a hit..

Its the second British bank in a year. Northern Rock was the first.