Here is some more simplistic fallacy for you.     A Guardian examination of Northern Rock's books has found that £53bn of mortgages - over 70% of its mortgage portfolio - is not owned by the beleaguered bank, but by a separate offshore company.  How would NR failing cause people to default on their mortgages? The mortgage would transfer to the Official Receiver &amp; then tranferred to another morgage provider.  Re Rover I could mention management underinvestment, poor management etc. Let's look at Honda (Swindon) or Nissan (Sunderland) &amp; see what British workers are capable of.   but by a separate offshore company   SIV ALERT  Watch Nick Griffins video from 14:00 to hear Nick Griffin talk about SIV in america(could the same be happening here) he then goes on to talk a bit about peak oil and Northern Rock.   http://www.bnptv.org.uk/news3.php?go...ews&amp;newsid=380