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Leslie Hardy - ArticlesLeslie Hardy is the UK Chairman of Wellington Estates Ltd, a north Cyprus property development company. Further information and articles can be found at http://www.wellestates.com North Cyprus Property Cherie Blair and the Bounced Cheque from North CyprusCherie Blair, who is the wife of the former British Prime Minister, Tony Blair, is at the centre of a series of rumours concerning bounced cheques for her controversial legal work in North Cyprus. Wild Parties and the Bank of EnglandThe activities of banks which invested heavily in flawed US subprime mortgages has been likened to 'wild parties' by Mervyn King, Governor of the Bank of England. In the aftermath of a wild party, the merry makers will suffer a hangover next morning.
But the wild parties of UK and US bankers are now causing misery in the general population. Bradford & Bingley - How To Bungle A Share IssueThe banking crisis in the UK continues. After the demise and nationalisation of Northern Rock, Bradford & Bingley is the next victim. A rights issue of new shares may save the bank, due to the intervention of the Bank of England. Northern Rock - Could It Happen Again ?The UK Government has been severely criticised over the Northern Rock banking disaster. A consultative document has been issued which seeks to prevent any run on a UK bank in the future. Northern Rock And Bear Stearns - A ComparisonThe dramatic rescue of Bear Stearns by the Federal Reserve Bank over the weekend of 15 March 2008 was a bold and imaginative move to protect the international reputation of US financial markets. The timely rescue of Bear Stearns invites comparison with the dismal dithering of the UK authorities in their handling of Northern Rock. Northern Rock - How A Problem Became a DisasterThe UK government's mishandling of the liquidity problem at Northern Rock exacerbated matters. The episode demonstrates the failure of the tripartite regime and bodes ill for the future of the bank under nationalisation. Northern Rock Is Nationalised - What Does This Mean ?The UK government took the unexpected and controversial move to nationalise Northern Rock. What does this mean for shareholders, depositors and mortgage customers ? Northern Rock - Shareholders Are Not Seduced By VirginSir Richard Branson of the Virgin Group is the UK government's preferred bidder for Northern Rock. But he is facing hostility from shareholders. Would You Borrow $80bn From This Man ?Mervyn King, the Governor of the Bank of England, has offered 3 month loans, in the sum of $80bn, to beleagured UK banks. But there are no takers. Why Did Northern Rock Call in the Bank of England ?The rescue of Northern Rock plc by the Bank of England indicates the serious repercussions of the subprime mortgage crisis. The high levels of consumer debt are also being questioned.
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