Top faller in the Banking sector today with a 25% fall are they about to go bust as the housing market stalls .. are they another Northern Rock failure about to blow.

Frankly speaking....it's a right mess.....the decision to natioalise BB....is it the right one or not ?......and where do you stop ?....if my little business goes bust nobody is going to help me, so why should this government help other private institutions ?.

Storeysj

Sorry to read of your loss on BB., I'm sure you will make up for it one way or another. I must admit I did look last week at BB. when it was 25p, with a view of a modest long in the hope it might be taken over.

I knew it was a bit of gamble, but fortunately I didn't trade, I think I was starting to overtrade with stocks, which is a very tempting thing to do in these markets. So lesson learnt and I will play more golf this week, not as exciting as gratuitious sex agreed, and I will wait for the dust to settle.

i too am sorry for your loss strorey, but the gov't has assuredly acted in everyone's best interest .... the shareholders were going to end up with nothing anyway ..... whether the directors of B&B acted recklessly is a slightly different question, but they would seem to have been no more reckless than a stack of other far bigger names - e.g. lehman and fortis and hbos to name but 3

it was halifax that was problem in hbos...........and it was andy hornby who kept on buying housebuilders. hbos is still ok though unlike other comparisons u make cynic whether its lehman or b&B........sorry story as well, my heart goes out to u

Not getting any better this market....goes from bad to worse...!.

only get better with a change of gov

Am I dreaming, or did Andy Hornby's name appear in the list of Directors for the combined LLOY-BOS ?
-Surely he should never work again.

B&B
-Along with Northwern Rock, the shareholders are wicked people who dare make money from the investments of the business. Because of this, they deserve nothing! Odd then that savers, who . . . expect a return from the investments of the business . . . have a g'tee scheme to refund every penny.
Even more odd that these are often the same people - who were given shares when Demutalised . . . . and don't they regret that now? This includes staff who will be lucky to find jobs in finance due to the much-lower levels of activity, mortgage, etc.
Demutalising was a con perpetuated by greedy Management . . . .( and I see parallels with Cattles, down 8% today DYOR).
Unfortunately the folk that destroyed these businesses appear to get-off and even have the nerve to collect Golden handshakes, pensions etc for their poor stewardship.
What is almost absent is any shareholder-Power to stop thisManagement excess - shareholders are not allowed to critisise Management - AGM's are by-and-large a joke although some companies retain old-fashioned values on the surface.

+I wonder if the Mutual Company would still be in business . . . and I have a suspicion they would, albeit smaller - but with actual cash in their vaults and not rotten, stinking, low-grade mortgages and dubious loans.

cynic I'm not convinced this "nationalising" is in everyone's interest - Short-term it saves GB from worse as it buys respite and many will believe all is OK - but taxpayers are the same people that will lose out if B&B went under - all we are doing is spreading the cost over more folks - and some are already on the breadline - yet all are expected to contribute to this fiasco - just the same as all Londoners are contributing 30p/week to the Olympic fund....whatever happened to "No taxation, without Representation"? I live in London and have no say - the 2012 Olympics will be a very expensive Political Jamboree - IMHO.

Scotinvestor, what are yr views on the new LLOY-BOS? - as I see it, my LLOY investment has seen a recent fall of 30% - maybe this represents the "dilution" despite their assurances the combined company will have much more turnover, profit etc. - at least long-term when the current woes are a distant memory (and Britain is winning Gold at the London Olympics. dream-on).

Arrgh!

nationalisation means taxpayers paying for years if not decades to come.....nrk is costing everyone at least 3k or 4k.

i believe andy hornby got senior role as he has to convince shareholders as well as almost every person in scotland that LLoyds deal is good........HBOS are valued at about 5 so lloy are getting it for a song........hence why hornby getting 2 miilion quid in shares plus senior role as a bribe (err i mean incentive).......oops am i being cynical, tsk tsk.

i agree that hornby shouldnt work even 1 day in a bank ever again.....i woouldnt have him in charge of a sweetie shop let alone anything else

Lost a bit on these nothing else to say.

HAHHAHAHAAHHA lucky i never bought on Friday

Shares risky game