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Wednesday, February 20, 2008

NORTHERN ROCK : THE FIX IS IN

Well guess who is to be appointed to sell off Northern Rock? Someone called Rothschild!

This move is being made to get NR back into private hands asap and at a bargain basement price if required, before too many of the general public realise that we don't need privately owned credit creating facilities (unless we want world wars, which the Rothschilds are experts at engineering).

And as The Times demanded two days ago, NR is to become more of a savings bank rather than a credit facility, and current mortgages are being closed so there will be no 'new money', i.e. our government will not use the same laws it gives to private bankers to create money out of nothing.

THIS IS A COMPLETE, SENSELESS WASTE OF A FANTASTIC OPPORTUNITY FOR THE HUMAN RACE.

I now fear that public money has been used for a private motive, possibly to stabilise The City of London. I should have expected such a move from Bilderberg Brown.

We've been stabbed in the back...AGAIN!

We'll just keep on borrowing and borrowing from the warmongering bankers when we can easily create the money ourselves and have no debt to anyone.

My epitaph will contain the phrase; ...this world is fucking insane!

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From http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/02/20/cnrock120.xml

Northern Rock bring in McKinsey for rescue plan

By Katherine Griffiths, Financial Services Editor
Last Updated: 1:02am GMT 20/02/2008

Ron Sandler, picked by the Government to run Northern Rock in nationalisation, has asked management consultancy McKinsey to work on a business plan for the bank.
# The latest news and analysis from the banking and financial services sector
# Rock tells borrowers to 'go away'

Mr Sandler is also considering hiring the investment bank NM Rothschild to advise him on Northern Rock's future after it is formally nationalised. The legislation is due to go through the Commons and the Lords by tomorrow night.

Ron Sandler, picked by the Government to run Northern Rock in nationalisation
Mr Sandler, who is to be paid £90,000 a month as executive chairman, intends to step into a non-executive role

Neither Rothschild nor McKinsey will formally be hired until after that. However, a delegation of five McKinsey consultants accompanied Mr Sandler to Northern Rock's Newcastle office on Monday.

McKinsey is expected to help with strategy, while Rothschild may try to drum up new bidders for Northern Rock.

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