http://www.yorkshirepost.co.uk/opinion/Gary-Evans-I-had-shares.4544786.jp
We would totally agree with everything said in the article.
Why handle Bradford and Bingley differently to Northern Rock when the procedure for compensation is set out in the 2008 Banking Act - that is its worth once the taxpayers done with it.
As 600millions already been raised from Santander and £400million is still left from the rights issue at the "discounted" 55p. That money should set a compensation level of 60p a share. Had santander offered £600million ans in 1 month 440 million had been spent it alone would have been a 48p strike out price and the key adviser in the Treasury Shriti Vadera must have had a price in mind when she began ringing HSBC and Santander on the Monday when the share price was 30p