Nationalisation of Northern Rock In October 2008 the chairman Ron Sandler noted that there had been informal talks concerning the idea of the merger with the government, but there had been no subsequent discussion. Sandler did however add "It would not surprise me at some point if a closer look was taken at the method of managing loan books within government-owned banks". In March 2009 Alistair Darling said that he was keeping his options open during the "fast-moving" crisis in the banking industry, and thus not ruling out the possibility of a mortgage book merger between Northern Rock and Bradford & Bingley. On 24
Executive Council of the Isle of Man Executive Council of the Isle of Man The Executive Council is the former title of the Council of Ministers, the principal executive body of the Isle of Man Government. Its chairman was the Lieutenant Governor until 1980, when he was replaced by a Chairman elected by Tynwald. The Chairman was renamed "Chief Minister" in 1986, and the Council was renamed "Council of Ministers" in 1990. The Executive Council was established following the 1949 General Election, "to assist the Lieutenant Governor in the performance of his duties", as successor to an Executive Committee of Tynwald which was set up in 1946.