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  1. Colossal Squid

    Northern Rock sold for HALF what they paid for it.

    I don't want to defend Brown but let's be reasonable. Anyone can play the markets with the benefit of hindsight HOWEVER the sell off of Northern Rock was at a huge loss compared to what we paid for it just a few years ago. The gold reserves that were flogged off would have been worth more now...
  2. Colossal Squid

    Northern Rock sold for HALF what they paid for it.

    As I understand it however, VA is a bit different as Branson has always retained an interest in this as one of his flagship brands. I could be wrong but I think whilst he is President of VA he doesn't actually have much to do with a lot of the other Virgin companies other than to act as a...
  3. Colossal Squid

    Northern Rock sold for HALF what they paid for it.

    Not many. He doesn't actually have a lot to do with many of the Virgin companies. He just sets them up with some money and his brand and then flogs them off once they turn a profit
  4. Colossal Squid

    Northern Rock sold for HALF what they paid for it.

    You mean what WE paid for it

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