Nationalisation of Northern Rock in the event that the takeover bids fail. On 12 January 2008, the Treasury recruited Ron Sandler, the former Lloyd's of London Chief Executive, to lead Northern Rock, in the event that the bank was nationalised. If the Bank was to be temporarily nationalised, the government would manage the Bank at "arm's length" on a commercial basis, where services for savers and borrowers would not be affected and the company would continue to operate as normal. However nationalisation would also address the future of the Northern Rock Foundation. Alistair Darling rejected the possibility of the Bank being put into administration.
Chairman of the Presidium of Pridnestrovia created the Pridnestrovian Moldovan SSR also expressed the will of the delegates that Igor Smirnov, heretofore chairman of the Tiraspol city soviet, lead the Supreme Soviet as its chairman. With the passing of the Soviet Union, whose government never recognized the PMSSR as a constituent republic, the now Pridnestrovian Moldovan Republic (PMR) was reorganized into a presidential republic. The Supreme Soviet survived as the legislative organ of government. However, in this new arrangement the Presidium was absent, its powers going to the republic’s new executive branch, the office of the president. On 3 December 1991, Igor Smirnov won an election