Quite fascinating about Northern Rock

Written up before it all fell over.

Seems pretty good although it misses what actually did it in: but not the point that something would eventually.

1 thought on “Quite fascinating about Northern Rock”

  1. what did he get wrong/ he points out the shrinking reliance on deposits and the incrfeasing reliance on money-market funding doesn’t he? Plus the teaser deals, which involved offering strangely high deposit rates compared with other societies.

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