seatkid Posted September 16, 2007 Author Report Posted September 16, 2007 You can bet your bottom dollar that at least one other major UK bank is now getting or soon to get emergency support from the BOE. This time however, the government and the BOW will keep it under wraps to prevent all hell being let loose. :lol: Quote
big_kev Posted September 16, 2007 Report Posted September 16, 2007 I wouldn't put your Northern Rock money ( if you can get it out ) into Alliance & Leicester at the moment...... Pick one of the others.....except Lloyd's as most likely this is where Northern rock is heading anyway. Quote
mumof4 Posted September 16, 2007 Report Posted September 16, 2007 from what your initial link suggests SK, most of the high street banks have dipped into that emergency fund..just northern seems to have been highlighted with the worst problems..plus there was something about lloyds tsb on another link i was reading the other day..will try and find it again. Quote
seatkid Posted September 16, 2007 Author Report Posted September 16, 2007 Well, I might as well fan a few flames to get you all panicking...... :angry2: Allegedly, The FSA is currently investigating a number of Banks as matter of urgency.....It is understood that there is particular focus on Bradford & Bingley, the Alliance & Leicester and Paragon, all three of which have high loans-to-savings ratios: they lend out far more than they take in deposits.More here The Daily Mail - a highly reliable paper.......for starting a fire with...... Quote
big_kev Posted September 18, 2007 Report Posted September 18, 2007 I wouldn't put your Northern Rock money ( if you can get it out ) into Alliance & Leicester at the moment...... Pick one of the others.....except Lloyd's as most likely this is where Northern rock is heading anyway. Oh Oh ! Another one on the way Quote
seatkid Posted September 18, 2007 Author Report Posted September 18, 2007 (edited) Well, well, well....the panic is over....and just as quickly as it started, everything is now hunkydory! Savers in NR need not worry :) - indeed, people are putting money back in :blink: and the share price is struggling up! a bit As if by magic!! :angry2: The power of the taxpayers pound...... Furthermore, everyone can relax, chill out, the party is set to continue into the wee small hours of 2007, thanks to the arrival of our american friend Mr Bernanke, who by ssssslashing the cost of borrowing, means we can all extend our credit limit even further!!! Fantastic news for all of us who thought they had used up their limit.... ^_^ Sureley, only a cynic, (like that old wbanker SK ;) ) , who, despite previously thinking this was an american problem and that banks like NR were basically sound and solvent with "good" mortgage books, would only now dare to realise that a 5x mortgage deal, or a 2 year introductory loooow rate deal are.....in fact........classic sub-prime!!! :lol: Good old honest to goodness UK sub-prime!! So, with the Global American sub-prime crisis moving up a gear into the carloans sector (at least in the good ol' USA).....lets forget about all our problems :wacko: and roll up roll up roll up, free money on demand available right now!......no need to prove you can afford it!!!INVEST WHILE STILL HAVE MONEYYYYYYYYYY......... :lol: HURRY!!! SALE MUST END SOON! :lol: Warning (in very small print): investments are not guaranteed and can go up as well as down. Past performance is not an indication of future trends.... Although, heck, we all know stocks always grow long term so future growth is ....well....certain!!!.... Lets party like it's 1999! :ph34r: Edited September 18, 2007 by seatkid Quote
big_kev Posted September 18, 2007 Report Posted September 18, 2007 Ain't seen people queuing to put their money back into northern rock. The government statement on your money being safe does not really convince me......what else would they say...its not safe is the only ither option and they can't say that. Your money is at risk if its in there......its not at risk if you taker it out and put it in another bank.......simple choice really. I don't think that we have seen the real problems from this yet.........lets see ! Quote
NikpV Posted September 19, 2007 Report Posted September 19, 2007 Your money is at risk if its in there......its not at risk if you taker it out and put it in another bank.......simple choice really. umm ...... I suggest a nigerian bank :lol: :ph34r: Quote
seatkid Posted September 21, 2007 Author Report Posted September 21, 2007 (edited) Ain't seen people queuing to put their money back into northern rock. The government statement on your money being safe does not really convince me......what else would they say...its not safe is the only ither option and they can't say that. Your money is at risk if its in there......its not at risk if you taker it out and put it in another bank.......simple choice really. I don't think that we have seen the real problems from this yet.........lets see !Looks as if you're right BK, the government has refused to guarantee new deposits, thereby guaranteeing the end of NR. I am losing patience with NR and getting nervous, they are 3 days late with my part withdrawal and their "guess" is it may be the end of next week before I get it. In the meantime, they have already pulled down 3 billion pounds of the BOE loan. Rumours are rife, and the FSA are investigating as a matter of urgency, that hedge funds and others in the city are pumping the market. There is a massive rise in insider dealing and lots of selling "short" on NR using loaned shares that no-one actually has. In other words they are milking the disaster for a quick buck and using highly illegal practices. The fear is after NR they will deliberately start a run on another bank for exactly the same reason - to make a killing by selling "short" (betting on shares to fall in price) It looks as if its going to get very messy and we poor persons-in-the-street are going to get raped financially. Some more info about the bad guys Edited September 21, 2007 by seatkid Quote
big_kev Posted September 21, 2007 Report Posted September 21, 2007 I'm ok my money is with Barclays and as these are the biggest bunch of crooks out there it is probably the safest place to be. p.s. want to buy some Alliance & Leicester shares.....likely to rocket soon ! p.p.s ........."part withdrawal"......you don't want to keep it all then ? Quote
seatkid Posted September 21, 2007 Author Report Posted September 21, 2007 I'm ok my money is with Barclays and as these are the biggest bunch of crooks out there it is probably the safest place to be. p.s. want to buy some Alliance & Leicester shares.....likely to rocket soon ! p.p.s ........."part withdrawal"......you don't want to keep it all then ?Guess I was just trying to be civilised and very "British" about this......but the cracks are starting to show......... :lol: WHAT D'YA MEAN THEY'RE CLOSED AT THE WEEKEND???!!!**$^%*&^$^%& :lol: Quote
El Dingo Posted September 24, 2007 Report Posted September 24, 2007 Now that they have been effectively nationalised, I'd seriously consider buying shares. Quote
seatkid Posted October 22, 2007 Author Report Posted October 22, 2007 Has Black Monday arrived?...... :( Quote
big_kev Posted October 22, 2007 Report Posted October 22, 2007 Has Black Monday arrived?...... :( More like an off-white Monday.....next week will be worse...clocks go back... :( Quote
mumof4 Posted October 22, 2007 Report Posted October 22, 2007 Overcast monday here, was reading that when the clocks go backwards, there is an increase of RTAs compared to summer time. Quote
big_kev Posted October 22, 2007 Report Posted October 22, 2007 Yep its darker and more dangerous....watch out ! Quote
gregers Posted October 22, 2007 Report Posted October 22, 2007 article in the paper today,we produce more carbon output when the clocks go back because of more lighting and heating required,now thats 1 green issue worth fighting for,i would think even clarkson would agree :lol: ,i can see no reason why we still have this. Quote
big_kev Posted October 22, 2007 Report Posted October 22, 2007 I think we should go the other way and not put the clocks forward in the first place. Stick with GMT all year round....lot simpler ( and beside it really annoys the yanks ).... :lol: Quote
seatkid Posted June 18, 2008 Author Report Posted June 18, 2008 Fund managers have reacted strongly to the forecast by the Royal Bank of Scotland of stock market crash and warn investors not to act in haste and panic.The Royal Bank of Scotland has advised clients to brace for a full-fledged crash in global stock and credit markets over the next three months as inflation paralyses the major central banks."A very nasty period is soon to be upon us - be prepared," said Bob Janjuah, the bank's credit strategist. Well its been a long time coming but something tells me that this finally is the big one........ :) Quote
jkspoff Posted June 19, 2008 Report Posted June 19, 2008 (edited) Lets just hope it mainly media hype creating a bigger issue, just like the tanker drivers strike causing panic fuel buying. Edited June 19, 2008 by jkspoff Quote
seatkid Posted July 9, 2008 Author Report Posted July 9, 2008 And in other news today.....Britain's Big Six banks staged a dramatic rescue of Bradford & Bingley last night in a bid to avert a new Northern Rock crisis.Under pressure from the financial services regulator, they agreed to buy a large chunk of shares in the beleaguered bank.sourceAnother one bites the dust!! This is but the tip of the icebergBridgewater Associates has issued an apocalyptic warning to clients that bank losses from the worldwide credit crisis may reach $1,600bn ( Quote
seatkid Posted September 15, 2008 Author Report Posted September 15, 2008 Well.....I didn't realise how much of a slow motion train crash this situation would turn out to be.Many financial institutions (particularly in the USA and UK) have been in the denial phase......... But NOW.........is the the time you have to move quick and make sure you have CASH, and probably a wodge of CASH IN HAND. Do it before some more institutions go under or freeze access to assets....... Review Pensions, Stocks and shares, ISA's, if you have money in an Icelandic bank.........check EVERYTHING The storm has reached hurricane status and it strengthening fast....... Batten down the hatches!!!!!! YOU HAVE BEEN WARNED! Quote
seatkid Posted October 6, 2008 Author Report Posted October 6, 2008 (edited) Well, the time has finally come to pay the piper.......... We face extreme danger. Unless there is immediate intervention on every front by all the major powers acting in concert, we risk a disintegration of global finance within days. Nobody will be spared, unless they own gold bars. USA - Bankrupt and clearly now living in cloud cuckoo land ICELAND - Bankrupt and running around like headless chickens looking for help from amonst others the USA! GREECE - Government has to guarantee all banks, guess why.... IRELAND - Ditto GERMANY - Ditto DENMARK - Ditto NETHERLANDS/BELGIUM - Nationalising Banks FRANCE - the usual French way e.g.- Government buying 30,000 homes to prop up Construction Industry UK - "No Boom and Bust" here......Expect total chaos shortly..........Its probably too late for any last minute manouvers unless you have on-line instant access...... Edited October 6, 2008 by seatkid Quote
seatkid Posted October 6, 2008 Author Report Posted October 6, 2008 (edited) And you can also add AUSTRIA and ITALY to the list which is growing by the day...... Edited October 6, 2008 by seatkid Quote
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