Northern Rock was much better off as a Building Society. Their auditors PricewaterhouseCoopers LLP are not the best lot to keep on. A smaller audit firm may have been more alert to the problems. I am with the Nationwide Building Society. Shareholders should not be protected but should take the loss.
WE HAVE A NATIONALISED BANK! WE ARE BAILING OUT SHAREHOLDERS WHO HAVE INVESTED IN A FREE MARKET SYSTEM!!Wake up people! What economy?
Joyriser 4 years ago
Northern Rock was much better off as a Building Society. Their auditors PricewaterhouseCoopers LLP are not the best lot to keep on. A smaller audit firm may have been more alert to the problems. I am with the Nationwide Building Society. Shareholders should not be protected but should take the loss.
mikexxxxnolan 4 years ago