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<channel>
	<title>Wall Street Folly &#187; Northern Rock</title>
	<atom:link href="http://files.wallstreetfolly.com/wordpress/tag/northern-rock/feed/" rel="self" type="application/rss+xml" />
	<link>http://files.wallstreetfolly.com/wordpress</link>
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		<title>Another drubbing for Thiel&#8217;s Clarium, down 25% in &#8216;09; Boob tube: 3D technology to give porn industry a lift?;  Branson said to be looking for Blackstone backing in Northern Rock bid; Buffett takes different views on issuing stock in Kraft vs Burlington Northern</title>
		<link>http://files.wallstreetfolly.com/wordpress/2010/01/another-drubbing-for-thiels-clarium-down-25-in-09-boob-tube-3d-technology-to-give-porn-industry-a-lift-branson-said-to-be-looking-for-blackstone-backing-in-northern-rock-bid-buffett-takes-d/</link>
		<comments>http://files.wallstreetfolly.com/wordpress/2010/01/another-drubbing-for-thiels-clarium-down-25-in-09-boob-tube-3d-technology-to-give-porn-industry-a-lift-branson-said-to-be-looking-for-blackstone-backing-in-northern-rock-bid-buffett-takes-d/#comments</comments>
		<pubDate>Mon, 11 Jan 2010 13:28:58 +0000</pubDate>
		<dc:creator>WSF</dc:creator>
				<category><![CDATA[Hedge funds]]></category>
		<category><![CDATA[Sex]]></category>
		<category><![CDATA[Warren Buffett]]></category>
		<category><![CDATA[Berkshire Hathaway]]></category>
		<category><![CDATA[Blackstone Group]]></category>
		<category><![CDATA[Clarium]]></category>
		<category><![CDATA[Northern Rock]]></category>
		<category><![CDATA[Peter Thiel]]></category>
		<category><![CDATA[Porn]]></category>
		<category><![CDATA[Richard Branson]]></category>

		<guid isPermaLink="false">http://files.wallstreetfolly.com/wordpress/?p=9697</guid>
		<description><![CDATA[
Thiel gets a tanning
A New Era For Porn?
Sir Richard Branson taps Blackstone for assault on Northern Rock
The Buffett Paradox

Thiel gets a tanning &#8211; NY Post
It must have been a sad holiday season for investor Peter Thiel.
The Silicon Valley investor, who turned a $500,000 investment in Facebook five years ago into gold, is having the opposite [...]]]></description>
		<wfw:commentRss>http://files.wallstreetfolly.com/wordpress/2010/01/another-drubbing-for-thiels-clarium-down-25-in-09-boob-tube-3d-technology-to-give-porn-industry-a-lift-branson-said-to-be-looking-for-blackstone-backing-in-northern-rock-bid-buffett-takes-d/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Northern Rock headline roundup &#8211; 2/20/08</title>
		<link>http://files.wallstreetfolly.com/wordpress/2008/02/northern-rock-headline-roundup-22008/</link>
		<comments>http://files.wallstreetfolly.com/wordpress/2008/02/northern-rock-headline-roundup-22008/#comments</comments>
		<pubDate>Wed, 20 Feb 2008 14:10:00 +0000</pubDate>
		<dc:creator>WSF</dc:creator>
				<category><![CDATA[Credit Crunch]]></category>
		<category><![CDATA[Subprime mortgages]]></category>
		<category><![CDATA[Northern Rock]]></category>

		<guid isPermaLink="false">http://files.wallstreetfolly.com/wordpress/2008/02/northern-rock-headline-roundup-22008/</guid>
		<description><![CDATA[Video: 




Northern Rock Fallout

Northern Rock bring in McKinsey for rescue plan
Northern Rock and taxation of nondoms threaten City’s global ranking
Northern Rock borrowers told to go away
Northern Rock Bill to Clear House of Commons Today
Hedge Funds Pocket `Easy&#8217; Gain on Northern Rock Drop


Northern Rock bring in McKinsey for rescue plan
- Daily Telegraph

Ron Sandler, picked by the [...]]]></description>
		<wfw:commentRss>http://files.wallstreetfolly.com/wordpress/2008/02/northern-rock-headline-roundup-22008/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Northern Rock headline roundup &#8211; 2/19/08</title>
		<link>http://files.wallstreetfolly.com/wordpress/2008/02/northern-rock-headline-roundup-21908/</link>
		<comments>http://files.wallstreetfolly.com/wordpress/2008/02/northern-rock-headline-roundup-21908/#comments</comments>
		<pubDate>Tue, 19 Feb 2008 13:51:00 +0000</pubDate>
		<dc:creator>WSF</dc:creator>
				<category><![CDATA[Credit Crunch]]></category>
		<category><![CDATA[Northern Rock]]></category>

		<guid isPermaLink="false">http://files.wallstreetfolly.com/wordpress/2008/02/northern-rock-headline-roundup-21908/</guid>
		<description><![CDATA[
Plans for N Rock under fire
Northern Rock&#8217;s savings rates may breach competition laws
Northern Rock shareholders look to the law for compensation
Did Gordon Brown have a choice over Northern Rock?
U.K.&#8217;s Northern Rock Move Highlights Risk to Taxpayers
Northern Rock&#8217;s new executive chairman, Ron Sandler, says it will take years for the bank to recover
Fallout: Hedge funds may [...]]]></description>
		<wfw:commentRss>http://files.wallstreetfolly.com/wordpress/2008/02/northern-rock-headline-roundup-21908/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>What a mess: Northern Rock will be privatized; shareholders will probably get a donut &#8212; nada, zero, zilch&#8230;.</title>
		<link>http://files.wallstreetfolly.com/wordpress/2008/02/what-a-mess-northern-rock-will-be-privatized-shareholders-will-probably-get-a-donut-nada-zero-zilch/</link>
		<comments>http://files.wallstreetfolly.com/wordpress/2008/02/what-a-mess-northern-rock-will-be-privatized-shareholders-will-probably-get-a-donut-nada-zero-zilch/#comments</comments>
		<pubDate>Mon, 18 Feb 2008 12:16:00 +0000</pubDate>
		<dc:creator>WSF</dc:creator>
				<category><![CDATA[Credit Crunch]]></category>
		<category><![CDATA[Subprime mortgages]]></category>
		<category><![CDATA[Northern Rock]]></category>

		<guid isPermaLink="false">http://files.wallstreetfolly.com/wordpress/2008/02/what-a-mess-northern-rock-will-be-privatized-shareholders-will-probably-get-a-donut-nada-zero-zilch/</guid>
		<description><![CDATA[
That&#8217;s Chancellor Alistair Darling making the announcement, a major embarrassment for him and the British government. (We&#8217;re told that the above video is now just a string of headlines.&#160; Here&#8217;s a link to the Darling&#8217;s video statement on the BBC;&#160; they don&#8217;t allow embedding)

Shareholders probably won&#8217;t be faring well.&#160; They&#8217;re likely to be completely wiped [...]]]></description>
		<wfw:commentRss>http://files.wallstreetfolly.com/wordpress/2008/02/what-a-mess-northern-rock-will-be-privatized-shareholders-will-probably-get-a-donut-nada-zero-zilch/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Today at Northern Rock &#8211; 10/22/07 &#8211; No golden handshake for ex-chairman; Meet the new CEO; FSA on &#8220;very sobering&#8221; NR mess&#8230;</title>
		<link>http://files.wallstreetfolly.com/wordpress/2007/10/today-at-northern-rock-102207-no-golden-handshake-for-ex-chairman-meet-the-new-ceo-fsa-on-very-sobering-nr-mess/</link>
		<comments>http://files.wallstreetfolly.com/wordpress/2007/10/today-at-northern-rock-102207-no-golden-handshake-for-ex-chairman-meet-the-new-ceo-fsa-on-very-sobering-nr-mess/#comments</comments>
		<pubDate>Mon, 22 Oct 2007 16:48:00 +0000</pubDate>
		<dc:creator>WSF</dc:creator>
				<category><![CDATA[Banks]]></category>
		<category><![CDATA[Credit Crunch]]></category>
		<category><![CDATA[Subprime mortgages]]></category>
		<category><![CDATA[Northern Rock]]></category>

		<guid isPermaLink="false">http://files.wallstreetfolly.com/wordpress/2007/10/today-at-northern-rock-102207-no-golden-handshake-for-ex-chairman-meet-the-new-ceo-fsa-on-very-sobering-nr-mess/</guid>
		<description><![CDATA[ 

No pay-off for Northern Rock boss
- BBC


Northern Rock chairman Matt Ridley will not receive a pay-off following his resignation, the BBC has learned. 
There had been much speculation about the bank paying a golden handshake to Mr Ridley. 
The chairman, who resigned on Friday, had been in the £315,000 a year job for the [...]]]></description>
		<wfw:commentRss>http://files.wallstreetfolly.com/wordpress/2007/10/today-at-northern-rock-102207-no-golden-handshake-for-ex-chairman-meet-the-new-ceo-fsa-on-very-sobering-nr-mess/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Today at Northern Rock &#8211; 10/17/07 &#8211; Mayor: NR crisis is the press&#8217; fault!; Board of directors will also resign if asked; Two horses are likely left in NR race; Lloyds £30 billion bank loan demands sunk its proposed bid for NR</title>
		<link>http://files.wallstreetfolly.com/wordpress/2007/10/today-at-northern-rock-101707-mayor-nr-crisis-is-the-press-fault-board-of-directors-will-also-resign-if-asked-two-horses-are-likely-left-in-nr-race-lloyds-30-billion-bank-loan-demands-sun/</link>
		<comments>http://files.wallstreetfolly.com/wordpress/2007/10/today-at-northern-rock-101707-mayor-nr-crisis-is-the-press-fault-board-of-directors-will-also-resign-if-asked-two-horses-are-likely-left-in-nr-race-lloyds-30-billion-bank-loan-demands-sun/#comments</comments>
		<pubDate>Wed, 17 Oct 2007 17:01:00 +0000</pubDate>
		<dc:creator>WSF</dc:creator>
				<category><![CDATA[Banks]]></category>
		<category><![CDATA[Credit Crunch]]></category>
		<category><![CDATA[Subprime mortgages]]></category>
		<category><![CDATA[Northern Rock]]></category>

		<guid isPermaLink="false">http://files.wallstreetfolly.com/wordpress/2007/10/today-at-northern-rock-101707-mayor-nr-crisis-is-the-press-fault-board-of-directors-will-also-resign-if-asked-two-horses-are-likely-left-in-nr-race-lloyds-30-billion-bank-loan-demands-sun/</guid>
		<description><![CDATA[
Mayor of London blames the press for sensationalizing NR
The entire Northern Rock board will resign if asked
Unless a big bank comes forward, it&#8217;s probably a two horse race for Northern
&#160; Rock
Lloyds made expensive demands in its rejected bid for NR


Mayor pins Northern Rock crisis on the press
- Daily Telegraph&#160; 
You have to have a certain [...]]]></description>
		<wfw:commentRss>http://files.wallstreetfolly.com/wordpress/2007/10/today-at-northern-rock-101707-mayor-nr-crisis-is-the-press-fault-board-of-directors-will-also-resign-if-asked-two-horses-are-likely-left-in-nr-race-lloyds-30-billion-bank-loan-demands-sun/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Today at Northern Rock &#8211; 10/16/07 &#8211; NR CEO disclaims blame and gets an angry earful from Commons Treasury Committee members; The bidders are racing ahead; Will the shareholders be wiped out?</title>
		<link>http://files.wallstreetfolly.com/wordpress/2007/10/today-at-northern-rock-101607-nr-ceo-disclaims-blame-and-gets-an-angry-earful-from-commons-treasury-committee-members-the-bidders-are-racing-ahead-will-the-shareholders-be-wiped-out/</link>
		<comments>http://files.wallstreetfolly.com/wordpress/2007/10/today-at-northern-rock-101607-nr-ceo-disclaims-blame-and-gets-an-angry-earful-from-commons-treasury-committee-members-the-bidders-are-racing-ahead-will-the-shareholders-be-wiped-out/#comments</comments>
		<pubDate>Tue, 16 Oct 2007 18:58:00 +0000</pubDate>
		<dc:creator>WSF</dc:creator>
				<category><![CDATA[Banks]]></category>
		<category><![CDATA[Credit Crunch]]></category>
		<category><![CDATA[Subprime mortgages]]></category>
		<category><![CDATA[Distressed]]></category>
		<category><![CDATA[Northern Rock]]></category>

		<guid isPermaLink="false">http://files.wallstreetfolly.com/wordpress/2007/10/today-at-northern-rock-101607-nr-ceo-disclaims-blame-and-gets-an-angry-earful-from-commons-treasury-committee-members-the-bidders-are-racing-ahead-will-the-shareholders-be-wiped-out/</guid>
		<description><![CDATA[ 

NR&#8217;s CEO doesn&#8217;t accept blame for the bank&#8217;s liquidity crisis, would love to
&#160; keep his job but he&#8217;ll resign if he&#8217;s asked
The Flowers group is expected to put out a bid in the next two or three
&#160; weeks and is said to be further along than the Virgin group
Some asset managers and analysts are [...]]]></description>
		<wfw:commentRss>http://files.wallstreetfolly.com/wordpress/2007/10/today-at-northern-rock-101607-nr-ceo-disclaims-blame-and-gets-an-angry-earful-from-commons-treasury-committee-members-the-bidders-are-racing-ahead-will-the-shareholders-be-wiped-out/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Today at Northern Rock &#8211; 10/15/07 &#8211; NR&#8217;s talks are &#8220;preliminary in nature&#8221;; Virgin group looking for heavyweight to be NR chairman; Big offers for stock not expected by any of the bidders; NR managers face a grilling tomorrow&#8230;</title>
		<link>http://files.wallstreetfolly.com/wordpress/2007/10/today-at-northern-rock-101507-nrs-talks-are-preliminary-in-nature-virgin-group-looking-for-heavyweight-to-be-nr-chairman-big-offers-for-stock-not-expected-by-any-of-the-bidders-nr-manag/</link>
		<comments>http://files.wallstreetfolly.com/wordpress/2007/10/today-at-northern-rock-101507-nrs-talks-are-preliminary-in-nature-virgin-group-looking-for-heavyweight-to-be-nr-chairman-big-offers-for-stock-not-expected-by-any-of-the-bidders-nr-manag/#comments</comments>
		<pubDate>Mon, 15 Oct 2007 17:04:00 +0000</pubDate>
		<dc:creator>WSF</dc:creator>
				<category><![CDATA[Banks]]></category>
		<category><![CDATA[Credit Crunch]]></category>
		<category><![CDATA[Subprime mortgages]]></category>
		<category><![CDATA[Distressed]]></category>
		<category><![CDATA[Northern Rock]]></category>

		<guid isPermaLink="false">http://files.wallstreetfolly.com/wordpress/2007/10/today-at-northern-rock-101507-nrs-talks-are-preliminary-in-nature-virgin-group-looking-for-heavyweight-to-be-nr-chairman-big-offers-for-stock-not-expected-by-any-of-the-bidders-nr-manag/</guid>
		<description><![CDATA[ 
Northern Rock characterizes the proposals they&#8217;ve received so far as
&#34;preliminary in nature&#34; and will be mum til there&#8217;s something
concrete; the company is &#34;developing further options&#34;.&#160; The
Virgin Group is looking to add a heavyweight industry insider to act as chairman
of the bank if they buy it.&#160; They&#8217;re also looking for more investors to add
to the [...]]]></description>
		<wfw:commentRss>http://files.wallstreetfolly.com/wordpress/2007/10/today-at-northern-rock-101507-nrs-talks-are-preliminary-in-nature-virgin-group-looking-for-heavyweight-to-be-nr-chairman-big-offers-for-stock-not-expected-by-any-of-the-bidders-nr-manag/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Today at Northern Rock &#8211; 10/12/07 &#8211; Virgin Group emerges as a possible NR bidder; NR Treasurer MIA due to stress?; The bank&#8217;s borrowings hit £13 billion; Banks Chancellor neglected to disclose his mortgage is with NR</title>
		<link>http://files.wallstreetfolly.com/wordpress/2007/10/today-at-northern-rock-101207-virgin-group-emerges-as-a-possible-nr-bidder-nr-treasurer-mia-due-to-stress-the-banks-borrowings-hit-13-billion-banks-chancellor-neglected-to-disclose-his-mor/</link>
		<comments>http://files.wallstreetfolly.com/wordpress/2007/10/today-at-northern-rock-101207-virgin-group-emerges-as-a-possible-nr-bidder-nr-treasurer-mia-due-to-stress-the-banks-borrowings-hit-13-billion-banks-chancellor-neglected-to-disclose-his-mor/#comments</comments>
		<pubDate>Fri, 12 Oct 2007 15:49:00 +0000</pubDate>
		<dc:creator>WSF</dc:creator>
				<category><![CDATA[Banks]]></category>
		<category><![CDATA[Credit Crunch]]></category>
		<category><![CDATA[Subprime mortgages]]></category>
		<category><![CDATA[Distressed]]></category>
		<category><![CDATA[Northern Rock]]></category>

		<guid isPermaLink="false">http://files.wallstreetfolly.com/wordpress/2007/10/today-at-northern-rock-101207-virgin-group-emerges-as-a-possible-nr-bidder-nr-treasurer-mia-due-to-stress-the-banks-borrowings-hit-13-billion-banks-chancellor-neglected-to-disclose-his-mor/</guid>
		<description><![CDATA[ 
A new Northern Rock bidder has emerged, in the form of the Virgin Group. The
bank borrowed £2.3bn more from the BOE bringing the total to a whopping £13bn.&#160;
Treasurer Keith Currie is said to have been away for two weeks, sick from
stress, according to the Daily Mail.&#160; Bank Chancellor Alistair Darling&#8217;s
mortgage is with NR &#8212; [...]]]></description>
		<wfw:commentRss>http://files.wallstreetfolly.com/wordpress/2007/10/today-at-northern-rock-101207-virgin-group-emerges-as-a-possible-nr-bidder-nr-treasurer-mia-due-to-stress-the-banks-borrowings-hit-13-billion-banks-chancellor-neglected-to-disclose-his-mor/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Today at Northern Rock &#8211; 10/9/07 &#8211; NR gets &#8216;breathing space&#8217; from the BOE and a knight in shining armor; The FSA admits it didn&#8217;t see the NR crisis coming; Lone Star another suitor?</title>
		<link>http://files.wallstreetfolly.com/wordpress/2007/10/today-at-northern-rock-10907-nr-gets-breathing-space-from-the-boe-and-a-knight-in-shining-armor-the-fsa-admits-it-didnt-see-the-nr-crisis-coming-lone-star-another-suitor/</link>
		<comments>http://files.wallstreetfolly.com/wordpress/2007/10/today-at-northern-rock-10907-nr-gets-breathing-space-from-the-boe-and-a-knight-in-shining-armor-the-fsa-admits-it-didnt-see-the-nr-crisis-coming-lone-star-another-suitor/#comments</comments>
		<pubDate>Tue, 09 Oct 2007 14:32:00 +0000</pubDate>
		<dc:creator>WSF</dc:creator>
				<category><![CDATA[Banks]]></category>
		<category><![CDATA[Credit Crunch]]></category>
		<category><![CDATA[Subprime mortgages]]></category>
		<category><![CDATA[Distressed]]></category>
		<category><![CDATA[Northern Rock]]></category>

		<guid isPermaLink="false">http://files.wallstreetfolly.com/wordpress/2007/10/today-at-northern-rock-10907-nr-gets-breathing-space-from-the-boe-and-a-knight-in-shining-armor-the-fsa-admits-it-didnt-see-the-nr-crisis-coming-lone-star-another-suitor/</guid>
		<description><![CDATA[

Citi maybe taking on the role as NR&#8217;s knight in shining armor.&#160; Northern
Rock will get &#8216;breathing room&#8217; in a deal with the Bank of England which will buy
it time to cobble a rescue deal together.&#160; Buyout firm Lone Star emerges as
another possible suitor.&#160; More egg on the face of the FSA: they admit they
didn&#8217;t see [...]]]></description>
		<wfw:commentRss>http://files.wallstreetfolly.com/wordpress/2007/10/today-at-northern-rock-10907-nr-gets-breathing-space-from-the-boe-and-a-knight-in-shining-armor-the-fsa-admits-it-didnt-see-the-nr-crisis-coming-lone-star-another-suitor/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
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