Tee Hee

This will cause some explodey heads on the shores of the left if it goes through.

Blackstone, the US private equity firm, has been approached by Sir Richard Branson\’s Virgin Money about backing a renewed bid for state-owned Northern Rock.

So many of them waht Crok to become a mutual…..and for it to be sold to private equity instead.


1 thought on “Tee Hee”

  1. Brian, follower of Deornoth

    Is that a ‘Mutual’ like the Stroud and Swindon, where the depositors ‘Own’ the Building Society, but are not actually allowed any of the benefits of owning it?

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