John Stepek said today in his article, “Excuse me. I’m a taxpayer. The only reason this fly-by-night company is still limping along is because the government has decided – without my permission – to use my money to prop the company up. And I’m certainly not happy about having to shell out more money to own the thing. So as far as I’m concerned, taxpayers – the involuntary guarantors of a company which would have collapsed long ago had it been in any other industry - are the only ones who matter.
As a small investor in Northern Rock Who has put most of his savings into these shares, i would just like to point out to John Stepek ( who has probably got more money than he knows what to do with ), that i am also a Tax Payer.
If he put a little thought into his article he would have realised that people like myself have probably lost all their savings AND i am paying tax to keep Northern Rock afloat.
There were Two bids put up to take over Northern Rock, and as far as i am concerned One of them should have been given a chance to pull the company around. This could have saved the Tax payers a lot of money as well as giving the share holders a small glimmer of hope.
As far as John Stepek goes, well he is entitled to his opinion, but i would love to meet the guy face to face.