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Northern Rock opinions
via Capitalists @ Work by CityUnslicker on February 27, 2008
Quick post - noticeable how Northern Rock is fading from the headlines now as the news cycle moves on.
However, last week's poll was how long do we think the NR will be under public ownership for?Up to a year0 (0%)2 years3 (6%)2-4 years8 (17%)More than 5 years34 (75%)
The result does not surprise me, even though no one thinks we will be shot of it by this time next year (I guess no one is doing the extreme testing of imagining the government being unable to fund continuing operations.....).
5 years is about right though as I see it. Even if the bank is sold to the private sector there will be significant Government backing for years to come; 5 years might be optimisitic!Shared by: