UK’s Northern Rock made risky loans after rescue (The Malaysian Insider)

May 16th, 2010 | by DebtFree.net |

LONDON, March 20 — British mortgage lender Northern Rock continued to write high-risk loans for months after authorities stepped in to give the bank emergency support, a public spending watchdog said today. Northern Rock became the first British bank to fall victim to the financial crisis in September 2007 when the Bank of England gave it an emergency loan after it had problems raising finance …
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