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Sun 20 January 2008, The Independent
Between a Rock and a hard place: sale or State?
By Margareta Pagano and Jon Mainwaring
Bankers urge a private sale; they want to avert nationalisation at all costs, and some private buyers still want to mount a rescue, but the fate of the beleaguered high-street mortgage lender rests in the hands of the Government. Northern Rock – and the City – can only hold its breath