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nothing wrong with northern rock guys,
it's just they run out of sources to find new money to lend to new customers. It's still going to make a huge profit at the end of the year.
As Northern Rock doesn't have any / many saving account customers, they don't have much reserves apart from profit to lend to new customers. So this Bank borrows money from other banks to lend to it's customers. Unfortunatley other banks have stopped lending them money at an affordable rate.
Northern Rock shares look very good buy at the moment imo
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