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"I believe in rules. Sure I do. If there weren't any rules, how could you break them?"
by Leo Durocher
Nationalisation of Northern Rock
In 2008 the Northern Rock bank was nationalised by the British Government, due to financial problems caused by the subprime mortgage crisis.
Nationalisation of Northern RockNorthern RockSubprime mortgage crisisRegent CentreBanking (Special Provisions) Act 2008BDO LLPSocialist Party (England and Wales)Adam ApplegarthLiquidity riskFred GoodwinTom McKillopBankers' bonusesUK mortgage terminology2008 in the United KingdomGovernment intervention during the subprime mortgage crisisNorthern Rock (Asset Management)Lloyds Banking GroupBradford & BingleyThomas theoremGroupthink
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