Personally I think it was completely ridiculous to throw taxpayer money at NR.It was simply a badly run bank, which should have been allowed to fail. It was of no systemic importance and depositors are protected by a very generous Protection Scheme.As for the borrowers, well don´t forget they are now stuck with a mortgage of 125 on a property that was valued at 100 and is probably now valued at 70-80 .... so I would suggest they are bearing their corresponding and relevant share of responsibility.
© Copyright 1998-2013, The Motley Fool Limited. All rights reserved. This material is for personal use only.The Motley Fool, Fool, and the "Fool" logo are registered trademarks of The Motley Fool, Inc.Place of Reg: England & Wales. Company Reg No: 3736872. VAT Reg No: 945 6990 68. Registered Office: 5th Floor, 60 Charlotte Street London W1T 2NU.
Page load time and server: