What a sad example of market regulation

It seems like only yesterday that Northern Rock was teetering on the brink of extinction, baled out by a misguided Government with shedloads of public money.

Now, I understand, Northern Rock is finding it difficult to cope with the stream of new customers, flocking to open accounts because Northern Rock offers copper-bottomed Government-backed security.  An institution whose fortunes have been reversed simply by Labour’s misguided precedent handling.  One assumes that the orderly queue outside Northern Rock must be matched by a steady exodus from other less fortunate institutions.

Well done Labour.  What a sad example of market regulation.

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