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Government Considers Remutualizing Northern Rock

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WASH, RINSE, REPEAT
"A proposal to turn Northern Rock back into a mutual has been considered by the government, which is looking for ways to extricate the taxpayer from supporting the former building society after it was nationalised last year," according to The Guardian. "A decision over how to end Northern Rock's "temporary public ownership" will not be taken until the EU has ruled on the government's plan to inject more funds into the bank to allow it to start selling mortgages again."
SOURCE:   Guardian

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