When I read that The City's Stockbrokers and Fund Managers were queuing up to withdraw their deposits, well, it gets your attention.
From AFP:
Panic grips Northern Rock savers for second day
From The Scotsman:
Northern Rock 'crisis' hits house builders
From The Telegraph:
Police help to disperse Northern Rock queues
From Bloomberg:
Northern Rock Experiences Second Day of Withdrawals (Update1)
From Pruduct Reviews:
Over $2 bln Withdrawn From Northern Rock Due to Mortgage Crisis: Bank of England To The Rescue
From the York Press:
Northern Rock investors rush to get cash from crisis-hit bank
*From The BBC:
Rock - the numbers
*From ThisIsMoney:
Will Northern Rock chaos hit mortgages?
*From the Financial Times:
Hedge funds cash in after ‘shorting’
*Gavyn Davies at The Guardian:
The roots of moral hazard
*From The Telegraph:
Banks stop quoting on covered bonds
From The Scotsman:
The day panic came to the high street
*From The Telegraph:
Small businesses under threat
*These are the stories we read. We broke our rule of reading before posting on the others. We'll get to them (and others) by Sunday>
