Northern Rock: rocking on?

[MarkP]

Originally Posted by thewisestfish

Can I just point out that recently I asked for an intellectual discusion about cats names and didn't get very far......!

It's possible to have an intellectual discussion on cats' names? Get away!

[thewisestfish]

Originally Posted by MarkP

It's possible to have an intellectual discussion on cats' names? Get away!

clearly not

[Jay]

Originally Posted by captainnemo

No axe to grind with NR, the query about the BoE support was perfectly valid.

BCCI was actually a different beast to Barings but the BoE was involved in considering extending assistance in both cases. There was quite a large court case where it was alleged that Bank officials had committed malfeasancein relation to BCCI.

The financial qualifications I had are no longer valid, the industry has moved on a bit in 20 years. In any case I wasn't attempting to offer advice.

Still, if my posts are barred it's difficult to see how I can defend my position.

*SIGH*

Ok - crayon and coloured paper time:

BCCI was brought down as a result of fraud and insider dealing as well as being suspected of using deposted accounts to pay out bonuses on investments that didn't exist. Key word there is FRAUDand the BoE quite rightly decided it was not to step in once this became a police matter.

Barings was brought down by rogue trading brought about by insufficient control measures being in place and again the BoE quite rightly did nothing.

Both cases are fundamentally different from Northern Rock. In addition the LEGAL STATUS of a merchant bank differs from a lender like Northern Rock.

You keep harping on about the BoE stepping in - you obviously disagree with all my previous posts about why this happened, why it was RIGHT to happen and how we all benefit FROM it happening.

I'm still at a loss as to what the hell your point in all this is.

And yes, qualifications over the last 20 years have moved on (considerably) and that kind of backs up my point that you do not appear to be qualified to be making judgements on these cases.

[Scubee]

Originally Posted by MarkP

It's possible to have an intellectual discussion on cats' names? Get away!

Originally Posted by thewisestfish

clearly not

You could, but after 3 pages, it would have deteriorated into one or more of the following:
1) smutty comments
2)piss taking
3) Monty Halls
4)Tanya Streeter
5) rows


Oh... on reflection, it did

[Buoyant Babe]

Originally Posted by Scubee

oh. I had been wondering about the contents of his wooly jumper drawer.

Originally Posted by wilbo

and a liking for knitted woollen jumpers, wolves and art work?

Originally Posted by wilbo

snap!

Originally Posted by Kirstie

You forgot cave diver extraordinaire!

Yes, I had wondered too if he is a sheep in wolves jumpers

[sas steve]

Bored now

[captainnemo]

Nuff said!!

Narf, narf....

[Adrian Kelland]

Originally Posted by captainnemo

Nuff said!!

Narf, narf....

All becomes clear, it's Pinky

[captainnemo]

Could this be that 'pier group' pressure I've heard some mention of?

[MarkP]

Originally Posted by captainnemo

Could this be that 'pier group' pressure I've heard some mention of?

What's that? Like when Swanage, Brighton and, say, Wigan gang up on poor little Keith?

Or did you mean "peer"?

I know you say you're ignoring me, but if you by chance see this, any pressure you feel has been brought on all by yourself. When you first started posting as captainnemo everybody respected your views, whether they agreed with them or not. Since then, many people have come to believe that you're (still) a bit of a knob, hence the opprobium you've attracted.

Keith, if you are who I think you are, it's still all your own doing. You don't need us. Well done.

(If you're not Keith, I'lll sincerely apologise, but I suspect it won't be necessary.)