Bradford and Bingley shares have tumbled today on the back of exposure to toxic loans and announcing a 50% drop in profits.

Trumpo wrote a Blog entry back in September on Northern Rock, Alliance and Leicester and Bradford & Bingley. http://www.trumpo.com/blog/money/are-northern-rock-alliance-leicester-and-bradford-bingley-finished/

It seems my troubled thoughts of how these high growth businesses had accessed their funding would prove to deliver troubled waters ahead and the negative sentiment seems to be on the money. If little old Trumpo can see it, what the heck are all the fund managers doing?

It concerns me that large shareholders in these businessess are pension funds that you and I are probably paying our hard earned into, is it just jobs for the boys or are they really answering to anybody?

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