http://www.guardian.co.uk/business/2007/nov/23/northernrock.bankofenglandgovernor
Final paragraph should be of interest to the British Government...
"This should be a concern for the Bank and the Treasury particularly if the emergency loans have actually been used to finance the activities of Granite rather than Northern Rock. It would be harder for the government to secure preferential treatment over other creditors if it is shown that the money was actually for Granite's benefit," he said.
Final paragraph should be of interest to the British Government...
"This should be a concern for the Bank and the Treasury particularly if the emergency loans have actually been used to finance the activities of Granite rather than Northern Rock. It would be harder for the government to secure preferential treatment over other creditors if it is shown that the money was actually for Granite's benefit," he said.