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http://www.dailymail...-boss-quit.html Haven't we been here before with Northern Rock? That's more or less what the silly b***h (lady director) told us a few days before all hell broke lose! "There will be no devaluation" etc. etc. - in finance if you need to say it loudly then likely the reverse is true. We called her bluff then and were right. This time I hope we are very very wrong as it's a far bigger fish and the Co-op Bank directors couldn't possibly be as thick as the local twits that ran Northern Rock! They were on the radio a couple of weeks back implying the the Lloyds Bank branches purchase was a near done deal then we hear it has fallen through. No more surprises, please! The real problem with this bad-news-in-easy-installments sort of thing is that it kills confidence in the entire system as people wonder what other loses aren't being admitted to, and where they might be.
