Tuesday, October 30, 2007

Northern Rock shares plunge 32%

This all seems reminisant of the what the U.S. Federal reserve Bank did back in the 1920's causing the U.S. stock market to crash ( "Black Thursday," ) and subsiquently most of Europe too.
 
There are actual reports of people becoming agressive with Northern Rock employees, with one women kidnapping and locking in a manager who would not allow the women to withdraw her one million pounds savings.
 
Shares in mortgage lender Northern Rock plunge after it seeks emergency funding, but it is not expected to go bust.

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