January 15, 2008

Northern Rock faces shareholders (AP)

Northern Rock employee's stand with their sign's outside of the emergency meeting to as shareholder's go in to discuss the future of the Northern Rock at the Metro Radio Arena in Newcastle, England,Tuesday, Jan 15, 2008. The board of embattled Northern Rock PLC faced shareholders Tuesday amid growing speculation that Britain's biggest casualty of the global credit crisis will be nationalized.  Hundreds of investors attended a meeting to vote on proposals by two key shareholders that would restrict the power of the board to reach a private sale - proposals that analysts say could simply speed up the move toward nationalization. (AP Photo/Scott Heppell)AP – Disgruntled shareholders questioned the board of embattled Northern Rock PLC on Tuesday about its handling of a funding crisis that has depleted the mortgage lender’s share value and left nationalization as the most likely option.

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