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Leslie Hardy's Articles

  • Isreali Jets Attack Syria – Why The Secrecy ?
    Israeli warplanes attacked a Syrian target on 6 September 2007 The secrecy and lack of comment has perplexed international commentators
  • Northern Rock - A Bank Built On Sand?
    The confirmation by the Bank of England of support for Northern Rock plc on 12 September 2007 is the first major sign of international fallout from the collapse of the US subprime mortgage lending market

    In the US, lenders such as New Century Financial Corporation, the second largest subprime lender in California, have gone bankrupt
  • Bank Of England Shipwrecked On Northern Rock
    The handling of the liquidity crisis at Northern Rock by the UK authorities has become a major embarrassment for the government and Gordon Brown in particular The new Prime Minister has always stressed his achievements as Chancellor of the Exchequer during the period 1997 to 2007, while he was waiting in the wings for Tony Blair to retire
  • Northern Rock – Shareholders Are Not Seduced By Virgin
    The future of Northern Rock, the beleaguered UK bank still remains uncertain after the deadline of 4 February 2008 for bids from interested parties

    The UK government is seeking to convert the estimated GBP25 billion of loans into bonds which will be sold in the open market

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