Disgraced Jewish Northern Rock Chief Gets 1 Million payoff

Northern Rock is giving disgraced former chief executive Adam Applegarth a £760,000 pay-off, a £346,000 pension top-up and continuing to honour his cut-price staff mortgage.

Mr Applegarth, who was responsible for devising and implementing the bank's disastrously flawed strategy, is being paid the golden goodbye in 12 monthly instalments of £63,000, according to the annual report published today.

The value of his pension pot increased by £346,000 last year, the annual report also reveals, and now stands at £2.6 million. The accrued pension entitlement is £305,000 a year.

Mr Applegarth, 45, will also continue to enjoy a concessionary staff interest rate on £75,000 of his mortgage from the bank, Rock said, without disclosing the precise terms.

The pay-off is equivalent to a year's base pay for Mr Applegarth, who finally left in December after announcing plans to step down in November. He had run the bank for the previous six years.

Mr Applegarth has in the past refused to shoulder the blame for Rock's flawed over-dependence on wholesale funding and its over-aggressive expansion of its mortgage book. Last October he told MPs the collapse was the fault of the Bank of England, which failed to approve a potential rescue bid from Lloyds TSB.

New chairman Jew Ron Sandler also warned that he expected the bank to continue to make losses for the next three years before breaking even in 2011.

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Reply to
Israel Did 9/11
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Jeffrey Skilling and Kenneth Lay were likewise Jewish. When will you start to put jew and jew together?

'The scheme starts in 1987, when a young Jewish financial wizard, Jeffrey Skilling, who was an Enron consultant approached Ken Lay with some hedging strategies' Link: What Really Happened At Enron?

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'ALTHOUGH the maiden name of Linda Lay is not known (she is the wife of Ken Lay, CEO of Enron -- the most costly scandal since WTC, and Actualité juive insists that "neither she nor her husband is Jewish", she was the yearly biggest donor of the Houston Holocaust Museum.' Link:
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Reply to
Israel Did 9/11

"Israel Did 9/11" wrote in news: snipped-for-privacy@8g2000hse.googlegroups.com:

Stop lying, you idiot! You're not convincing anybody!

Reply to
Melanie

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What's that Bucks Fizz song, "My Camera Never Lies".

Reply to
Israel Did 9/11

Um, from Lay's obit:

NEW YORK (CNNMoney.com) -- Kenneth Lay, who rose from a poor preacher's son.

Jewish preacher? Nope, he was Baptist. Lay was too.

At least you got one right, Skilling is jewish. That's a score of 50%, and like you probably heard in school, that's a failing grade.

What being jewish has to do with anything, I don't know. Crooks come in every color and religion. Go to Cleveland, lots of Irish gangsters there, along with Italians and yes, jews too.

In your insane world, you seem to have to "invent" jews and make shit up about them all the time. Why is that?

BDK

Reply to
BDK

Ken Lay. Little Jewish munchkin,

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The real criminals of Enron were the Fastows, Lea and Andy. Two more jewish back alley swindlers.
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It's getting like a drive-by in South central isn't it.

The "not jewish" world of international crime:

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Reply to
News without the Jews

Enron, Fastow and the Looting of America by Dr. William Pierce

Listen:

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Dr. Pierce talks about the Enron scandal, saying: "Digging through the rubble of Enron's collapse and turning over a very large flat stone at the bottom of the heap, what do we find but another Jewish 'financial genius' blinking at the light and trying to scurry away like a startled cockroach, a bulging suitcase full of money in each hand."

He also gives a review of other recent financial catastrophes and the roles that Jews have played in them.

Reply to
News without the Jews

Mr Applegarth, who was responsible for devising and implementing the bank's disastrously flawed strategy, is being paid the golden goodbye in 12 monthly instalments of £63,000, according to the annual report published today.

The value of his pension pot increased by £346,000 last year, the annual report also reveals, and now stands at £2.6 million. The accrued pension entitlement is £305,000 a year.

Mr Applegarth, 45, will also continue to enjoy a concessionary staff interest rate on £75,000 of his mortgage from the bank, Rock said, without disclosing the precise terms.

The pay-off is equivalent to a year's base pay for Mr Applegarth, who finally left in December after announcing plans to step down in November. He had run the bank for the previous six years.

Mr Applegarth has in the past refused to shoulder the blame for Rock's flawed over-dependence on wholesale funding and its over-aggressive expansion of its mortgage book. Last October he told MPs the collapse was the fault of the Bank of England, which failed to approve a potential rescue bid from Lloyds TSB.

New chairman Jew Ron Sandler also warned that he expected the bank to continue to make losses for the next three years before breaking even in 2011.

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Where, in you alleged paste of the original article does the final paragraph above appear?

Without it, where does the word 'Jew' or 'Jewish' appear?

There really is no limit to your lying is there?

Perhaps you should seek professional help for your phobia.

Reply to
Lie detector

Perhaps if the complicit jewish controlled press wasn't so eager to cover up the crimes of fellow jews there wouldn't be a need to fill in the blanks and complete the picture.

"If you hear about a $100,000 dollar swindle it could be anybody, If you hear about a £100,000,000 dollar swindle then you know that it has to be a Jew. Why is that?"

Dr. Pierce talks about the Enron scandal, saying: "Digging through the rubble of Enron's collapse and turning over a very large flat stone at the bottom of the heap, what do we find but another Jewish 'financial genius' blinking at the light and trying to scurry away like a startled cockroach, a bulging suitcase full of money in each hand."

He also gives a review of other recent financial catastrophes and the roles that Jews have played in them.

Listen:

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American Dissident Voices:
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03

Reply to
Israel Did 9/11

Perhaps if the complicit jewish controlled press wasn't so eager to cover up the crimes of fellow jews there wouldn't be a need to fill in the blanks and complete the picture.

Oh so that's what you were doing - filling in blanks.

I've heard lying being described like that before.

You mean you didn't know but you said so anyway.

"If you hear about a $100,000 dollar swindle it could be anybody, If you hear about a £100,000,000 dollar swindle then you know that it has to be a Jew. Why is that?"

More unsubstantiated claptrap

Dr. Pierce talks about the Enron scandal, saying: "Digging through the rubble of Enron's collapse and turning over a very large flat stone at the bottom of the heap, what do we find but another Jewish 'financial genius' blinking at the light and trying to scurry away like a startled cockroach, a bulging suitcase full of money in each hand."

And wasn't he an associate of George Lincoln Rockwell founder of the American Nazi party? Didn't he edit the party newspaper 'National Socialist World' for him?

He was? He did? Then that's the sort of thing he would say isn't it?

You really do cite some authoritative sources. That is of course when you cite at all. He also gives a review of other recent financial catastrophes and the roles that Jews have played in them.

Listen:

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American Dissident Voices:
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03

Reply to
Lie detector

nd

Reply to
MikeinCamden

Could Mr Applegarth be a muslim?

Reply to
Ringer

Could be a Martian! ;o)

Reply to
Nick

Umm, he was a Baptist, not a jew. A picture means nothing. You've been spending a lot more time on the nazi kooksites than mom and dad would like, haven't you?

Why are jew haters always ignoring all the non jew crooks?

?????

Wow, a really kooky kookpage. What a shock.

BDK

Reply to
BDK

D. Pierce?

BWHAHAHA!

But Lay wasn't a jew, so?

BDK

Reply to
BDK

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