Blue Monday Crash 2009 There was speculation that nationalisation was imminent. Billions of pounds were wiped from its stock market value despite the Government’s pledge to keep it afloat with more money from the taxpayer. As Gordon Brown set out plans to increase public ownership to 70 percent of what was once one of the world’s biggest financial conglomerates, City investors dumped the shares in a selling frenzy. Share prices fell as follows : Blue Monday Crash 2009 On Monday, 19 January 2009, a date previously known as Blue Monday, British banking shares collapsed in a rout of selling after Royal Bank of Scotland
35 day month matters of Worldcom and Enron, to which it was compared, "Computer Associates - since renamed CA Inc - did not go bankrupt." An overview by a major MBA-giving university wrote that Corporate directors, upon seeing signs of ""35-day month" ... "'the three-day window" ... (and) "flash period"" "should be especially vigilant." Reporting at the time added "other former executives have been indicted or fired;" "several... have pleaded guilty to criminal charges." 35 day month The "35 day month" was the basis of "$2.2 billion in accounting fraud" regarding "events regarding an accounting scandal that started in 2002" at Computer Associates.