Northern Rock had a s**t business plan, they were a poor company with awful managers. This was a firm that deserved to go under. Luckily, for their customers, they were bailed out.

Now we have the situation of other banks who, because of their poor business practices in the past, are refusing to lend to new mortgage customers. This can, and will only lead, to a fall in property prices where no first time buyers can get finance.

The situation we are going to have within the next few months to a year has been caused by the banks and their c**p business models. These are institutions and people who should be dispised, but are being royally rewarded with payouts that you the customer have funded.

I keep seeing the directors of Northern Rock on TV and somehow we should take pity on them, somehow we should feel sorry for them. Well, I’m sorry these people should be on the dole and unemployable. They are crap business people nothing more nothing less.