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More banking/credit crunch **** hits the fan


SteveR

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I like it how Gordon invests 3 (maybe more) billion pounds of our council tax money into that Icelandic bank for his benefit (interest), looses the lot because they went bust and tells us our council tax is going up because of it %^#^ $&*$@!!!! Sorry minor rant there.

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:D:d thank god i work for, and bank with Abbey!

 

not one bit of trouble - helping the government out by buying a stake in Bradford and Bingley - :cool:

I suspect Abbey (well, actually their owner Santander) are in for a VERY rough ride starting tomorrow. I hope for your sake I am wrong.

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I suspect Abbey (well, actually their owner Santander) are in for a VERY rough ride starting tomorrow. I hope for your sake I am wrong.

 

share price has already dropped but im not worried - the bosses keep telling us we have not even used a penny of Santanders money yet - all been done purely on Abbey profit! - if required we could use Santander to save us and not the government - There is even a rumour that we will launch a counter bid for HBOS but dont know how much truth there is to this:blink:

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I thought this was the plan from last week just going into effect?

In a word, no.

 

LLoyds were meant to be taking over HBOS, that's all off now.

RBS cheif resigned too. If thos lot was planned, why close (parts of trading on) the stock markets on Monday? This is quite catastrophic stuff and has knock-on implications for us all, but hey, it's Sunday so why upset people. I'll :taped: from now on. :p

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I like it how Gordon invests 3 (maybe more) billion pounds of our council tax money into that Icelandic bank for his benefit (interest), looses the lot because they went bust and tells us our council tax is going up because of it %^#^ $&*$@!!!! Sorry minor rant there.

 

Are you talking about county councils putting fund into Icelandic banks? If so, what's that got to do with Brown? As far as I know, the councils made their own decisions and the ones that got caught had largely ignored the warnings.

 

Or are you talking about something else?

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Such as...

 

Iv not seen the news for the last few days so im really not sure....

This is only 1 point of view, but it's worth a read to get a feel for what's at stake.

 

Ask yourself this, if the problem were easy to fix, and those in charge (globally, not just UK/USA/Europe/Far East/Down Under/Middle East...) really, genuinely understood the size & scope of it, wouldn't they have manage to fix it by now, especially just 2 working days ago when we were being heralded as showing the world the way forward in how to fix it all? That tri-pronged, £500Billion approach didn't work too well, evidently.

 

I strongly feel UK gov doesn't have a clue what it's doing. They don't even seem to realise why were in this mess in the first place. :(

 

(P.S. pretend you read this +1 hour from now ;))

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