Comments on: Northern Rock - there is a better alternative to nationalisation http://www.johnredwoodsdiary.com/2008/01/15/northern-rock-there-is-a-better-alternative-to-nationalisation/ Conservative Party Member of Parliament for Wokingham Thu, 16 Oct 2008 00:12:31 +0000 http://wordpress.org/?v=2.6.2 By: Ellee Seymour - MCIPR, PRESS CONSULTANT, JOURNALIST, POLITICAL AND PR BLOGGER. » MPs interacting on blogs http://www.johnredwoodsdiary.com/2008/01/15/northern-rock-there-is-a-better-alternative-to-nationalisation/#comment-17455 Ellee Seymour - MCIPR, PRESS CONSULTANT, JOURNALIST, POLITICAL AND PR BLOGGER. » MPs interacting on blogs Tue, 19 Feb 2008 08:06:45 +0000 http://www.johnredwoodsdiary.com/2008/01/15/northern-rock-there-is-a-better-alternative-to-nationalisation/#comment-17455 [...] on blogs By Ellee The government’s bungling of the Northern Rock crisis has led to John Redwood standing his ground on Tom Watson’s site. And it was most civil too, no need for the Speaker [...] [...] on blogs By Ellee The government’s bungling of the Northern Rock crisis has led to John Redwood standing his ground on Tom Watson’s site. And it was most civil too, no need for the Speaker [...]

]]> By: Tom Watson MP » Blog Archive » Where are we with Northern Rock? http://www.johnredwoodsdiary.com/2008/01/15/northern-rock-there-is-a-better-alternative-to-nationalisation/#comment-17413 Tom Watson MP » Blog Archive » Where are we with Northern Rock? Sun, 17 Feb 2008 21:21:35 +0000 http://www.johnredwoodsdiary.com/2008/01/15/northern-rock-there-is-a-better-alternative-to-nationalisation/#comment-17413 [...] lead to a fire sale of assets and might result in taxpayers not getting all our money back [...] lead to a fire sale of assets and might result in taxpayers not getting all our money back

]]> By: Abdul-Rahim http://www.johnredwoodsdiary.com/2008/01/15/northern-rock-there-is-a-better-alternative-to-nationalisation/#comment-16498 Abdul-Rahim Tue, 15 Jan 2008 21:45:23 +0000 http://www.johnredwoodsdiary.com/2008/01/15/northern-rock-there-is-a-better-alternative-to-nationalisation/#comment-16498 No one thinks that nationalisation is the easy answer, just one of many. And to be fair, the 3 points that you provided as a solution are really just the goals of a successful bank and are what any action, whether it be nationalisation or not, is aiming to provide. No one thinks that nationalisation is the easy answer, just one of many. And to be fair, the 3 points that you provided as a solution are really just the goals of a successful bank and are what any action, whether it be nationalisation or not, is aiming to provide.

]]> By: Neil Craig http://www.johnredwoodsdiary.com/2008/01/15/northern-rock-there-is-a-better-alternative-to-nationalisation/#comment-16486 Neil Craig Tue, 15 Jan 2008 13:55:55 +0000 http://www.johnredwoodsdiary.com/2008/01/15/northern-rock-there-is-a-better-alternative-to-nationalisation/#comment-16486 The Tories are right to say that the will absolutely oppose nationalisation. There is no reason whatsoever to think Sir Humphrey will run it more effectively than Sir Richard. I still think the best option is to put in a liquidator, even though it might hurt the brand name. Bankruptcy is a very valuable part of free enterprise which leads to necesary restructuring. We ignore it at our peril. We have absolutely no duty to ensure the original shareholders make their money back & even less to the hedge funds that have been buying them out. The Tories are right to say that the will absolutely oppose nationalisation. There is no reason whatsoever to think Sir Humphrey will run it more effectively than Sir Richard.

I still think the best option is to put in a liquidator, even though it might hurt the brand name. Bankruptcy is a very valuable part of free enterprise which leads to necesary restructuring. We ignore it at our peril. We have absolutely no duty to ensure the original shareholders make their money back & even less to the hedge funds that have been buying them out.

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