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...
posted by Christophe at 14.9.07

0 Comments:

Post a Comment

<< Home