Ouch. Glad my savings ain’t there!
The whole thing is really a bit scary. The financial markets look fragile, but people say NR has been ‘buying’ business for years so they’ve maybe traded themselves into this position.
I worry about those with a vested interest (like Alistair Darling for instance) telling us there is no risk. Well, you would say that, wouldn’t you?
I, for one, would not be buying that if my money was in there. And I’d be moving my savings out for sure. The media is making NR ‘movers’ look niaive. I don’t think so.
If my mortgage was there, on the other hand, well who cares… But it’s not.
Might take one out though.
Might end up getting a free house.