Today’s the day for the bidder’s proposals to be submitted for the purchase of Northern Rock PLC.

It’s a brave man/woman who takes this one on… it’s been announced today that it’s now 25 billion pounds in the red.

We do however have up to 8 proposers according to the Financial Times, and all deals will more than likely require the UK taxpayer to underwrite the risk.

It will be an interesting few days ahead. Trumpo still thinks a break up is the most likely, and everyday that goes by, Northern Rock’s debts get bigger and bigger, and obvioulsy Northern Rock becomes less and less attractive to any potential bidder.

I’m afraid too many reputations are reliant on the outcome of this debacle, so it’s not going to be plain sailing thats for sure, too many cooks and all that.

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