surely BB on the takeover watch list currently todays news near to years
low with 8% yield bit of a no brainer.............

Yes it is B & B are ruined.

so is britain.............can we close britain too?

its actually an insult to stalin as stalin was probably the best project manager the world has seen......things were done on time.........now what things r done on time in this country?
also the fems there are easier on the eye than the shallow, fat ugly women we have to put up with in this country who think a size 16 is average.

if we had stalin, we wouldnt have banks in this financial mess.......and we wouldnt have immigration issue as all of us would be british.......and we wouldnt have security costs which r massive as we would all trust each other unlike present day.

about time we ended capitalism, it doesnt work

Does Lab gov think there will be no fallout from the banks who, lets face it, were forced to take up a 50p share issue, then have the shares valued at 0p less than two months later? If the bank of England had simly provided lending facilities for B&Bs loans, the business would've carried on as a going concern ....... so why the rush to nationalise it? Something very wrong here ......

I can see a deal having to be done whereby the shares have some value, even if it's only the 50p the banks paid ..... how long it takes to sort out is anybody's guess.

this country is slowly going communist......but without the fun of the russian ladies

if stalin's project was mass murder verging on genoicide, then he was indeed most proficient, finding in mao a first class pupil! ......

with regard to women's sizing, i am sorry to tell you that size 14/16 (38/40" hip) has been the uk average since about 1950 .... it is only in the modern males fantasy that the average is 8/10 ..... that said, there is a big difference (sorry about the pun) between a fit and toned 14/16 and a flabby one ...... sorry girls, but it's true!

gordon brown and co are closet commies and look where we are!

Labour have spent too much on nonsense projects all over the place....they get themselves into a mess....and their only solution is to raise taxes again...and so forth....spend and tax....now there is no more money in the bank....and the worse thing is that millions will vote for these prats again...!.

thats cos most people r uneducated or have little education...........1 in 5 cant read or write...........i in 5 young people up to 22 do nothing (no training, uni or in work).........and thats without all the other morons who zombie like live day to day in dead end jobs on 5 quid an hour.
the state runs most people lives now in this country.

ps: stalin didnt do mass murder.......if u look at gulags, they were work camps.....death rate was about 1 or 2% most years..........i'm not saying it was pleasant but western propoganda is still full of made up stories as they dont know the facts.

stalin (and mao!) ..... hmm! beg to differ as would the many millions who were forcefully "exported" ..... i guess you reckon the Katyn Forest massacre story (and perhaps the nazi concentration camps) is pure disinformation too

i am quite sure that many who are in "dead end jobs" would rather be doing something more fulfilling (to them) .... the hourly rate they are paid is out of their control if they wish to work rather than sponge off the taxpayer

Bradford & Bingley's public sell-off 'flawed'
Shareholders claim 2008 privatisation was contrary to democracy


Bradford & Bingley's public sell-off 'flawed'
Shareholders claim 2008 privatisation was contrary to democracy

The nationalisation of Bradford and Bingley in 2008 was a "flawed decision" that not only destroyed shareholder interests but also a "viable business", it has been claimed.

Investors hit by the company's collapse have expressed their dismay in submissions to the Information Commissioner's Office, which has so far prevented them from accessing any of the official documents.

The Bradford & Bingley Shareholder Action Group, which represents almost a million former shareholders, will appear before a tribunal later this month in their quest for compensation.

In documents seen by The Independent on Sunday, the BBAG said: "It is four years, six months since the nationalisation and despite thousands of requests from B&B share and bond holders, they still do not know why the Government and tripartite regulatory authorities acted as they did.

"B&B had a far stronger balance sheet than Royal Bank of Scotland (RBOS) and Halifax Bank of Scotland (HBOS), despite this, its savings book and branch network were sold thus destroying it as a viable business and with the Government having control of the winding down process, a matter of continuing and considerable concern to the former shareholders and remaining bond holders.

"Why was B&B treated differently to these other banks?"

Bradford & Bingley, which sponsored many high profile cricket and rugby league teams, was highly exposed to the troubled buy-to-let mortgage market, ran into difficulties when funding from the wholesale money markets dried up at the start of the crisis.

The Government merged Bradford & Bingley's toxic mortgage debt with the so-called "bad bank" of Northern Rock, which was nationalised in 2007. Other parts were sold to Santander for £612m.

The news comes just days after two separate lawsuits were lodged by campaigners seeking redress for losses suffered during Royal Bank of Scotland's rights issue in 2008, which failed to prevent its falling into state ownership several months later.

"In BBAG's view the decision to nationalise B&B was neither proportionate nor equitable and not consistent with the support given to other banks at the time," the group added.

"If a government confiscates the property of its citizens without reason, explanation or fair compensation, particularly when it may be seen as at fault in its duty of care to savers and investors by not adequately regulating the companies involved in the banking crisis, then all concepts of democracy and equity are laid aside.

"We submit, the role of fair and honest government is devalued."

http://www.independent.co.uk/news/business/news/bradford--bingleys-public-selloff-flawed-8562862.html