Northern Rock shareholders - no shame?

The shareholders have a total investment something like 1% of the amount the taxpayer has 'at risk'.

(拢600,000,000 vs 拢60,000,000,000)

And they are still crowing about protecting their investment over the taxpayers interest?

Given the shareholders obvious incompetence (demonstrated by their investing is such a duff company), are the tax payer really expected to take advise from them?!!

Pull the plug, let the company go into administration - zero for the shareholders - taxpayer gets first dibs, and let them fight over anything that is left.

And how come the government is propping Northern Rock up when people who spent their whole life putting their savings into an Equitable Life Pension lost everything??

Surely protecting pensions (which were government recommended in the first place) is far more important?!

Couldn't agree more !

Not forgetting the fact that most shareholders got their shares for nothing, so they are still in profit.

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