Trumpo on the money again.

In the middle of January, I stated that Northern Rock would become a major player again. http://www.trumpo.com/blog/business/the-50-bn-business-bail-out-and-the-drug-which-is-lending/

Whilst the new lending proposed is only £14 Billion, its at least a step in the right direction.

Whilst this is a complete Uturn for the state owned Bank, it is the logical step and a much needed boost to the hardworking staff in the North East.

Northern Rock is a very efficient lending platform, and has been built for scale over the last ten years.

Trumpo would like to hear over the coming months, new lending proposals guaranteed by the Govt and via Northern Rock of approaching approximately £100 Billion, to be lent to new borrowers over the next 24 months and Trumpo may then start to dust off the Blue Nun.

Come on Gordon and Alastair, sort out RBS and LLoyds and get the money flowing and be bold ! We all assume these banks are privatised anyhow, so it makes sense to put a rubber stamp on it to provide the much needed stability in the banking sector.

Your bold and positive Trumpo.

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