Highly interesting document up on wikileaks regarding the sale of Northern Rock. If true (and the threats from the lawyers seems to imply it is) it confirms what I have said all along – Northern Rock is still a valuable entity and the only problem with it is that it ran out of cash – i.e. it was a liquidity problem that brought it down, not a capital one.
Give it a read for interest’s sake. If you are in any doubt as to the true nature of the Rock’s difficulties, this shows them well.
29 January, 2008 at 19:18
Now a Swiss Bank say they are suing Wikileaks…
19 February, 2008 at 13:49
Latest news is that they have succeeded in taking them off-air. Temporarily, I hope.
19 February, 2008 at 13:52
If you want to get to the unblocked wikileaks site, it is here
19 February, 2008 at 20:17
They use a variety of cover names so you can still access the site. It’s hosted in Sweden and the court injunction only required their domain name registrar dynadot.com to remove the DNS entries.