Northern Rock

Nationalisation looms ever closer - but at least that secures the taxpayers money already lent

Some commentators are very negative about nationalisation saying it will cost taxpayers £57 billions but no, we don't agree

Why? Well the money is already 'lent' and unless there is or were a full priced complete buy out that money is still at risk, at least nationalisation means we know where it is, who it is controlled by so, as much as we regret it, this does seem the best course of action, now that such a pigs ear has been made of the whole debacle -