A Complete Explanation Of Everything
Friday, September 14, 2007
Northern Rock & a hard place...
Only those living in complete financial ignorance will have failed to notice the shitstorm today.
€3.8 billion wiped off the ISEQ.
I'd wager a very fair percentage of Norther Rock's deposit book which stood at £23 billion earlier today wiped out.
There were spectacular queues across the UK and the phones were jumping in Dublin, the website crashing, etc.
This is only the beginning folks, it's a mere whiff of the perfect financial storm that is heading towards these shores.
Just as well house prices always go up.
Oops.
Wait a minute...
€3.8 billion wiped off the ISEQ.
I'd wager a very fair percentage of Norther Rock's deposit book which stood at £23 billion earlier today wiped out.
There were spectacular queues across the UK and the phones were jumping in Dublin, the website crashing, etc.
This is only the beginning folks, it's a mere whiff of the perfect financial storm that is heading towards these shores.
Just as well house prices always go up.
Oops.
Wait a minute...
posted by Christophe at 14.9.07
0 Comments:
Post a Comment
<< Home