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Fog on the Tyne

Q&A: Northern Rock bail-out - Telegraph

Only one question needs to be asked - if this wasn't Northern Rock but had been based in the Tory heartlands, say Surrey Rock, do you think the taxpayer's cash would be being spent so recklessly?


Can I issue a bond too?
Rather than just pay my VAT this quarter, perhaps I could send HMRC a company bond. When they buy that, I'll pay them their VAT. Obviously the bond couldn't be redeemed.

So why doesn't the Government nationalise Northern Rock, turn it into a charity (definite public benefit, eh Dame Suzi?) and use its profits to fund New Labour party administration?

Am I confusing party interests with state interests? Please let me know if there is a difference anymore.

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