any one got a feelling in their water how far LLoyds will go looking to to buy but just dont know when they are low enough

Lloyds Group and RBS will be nationalised before the market opens on Monday -

A confidant of the Prime Minister today urged that RBS and Lloyds be fully nationalised to prevent their total collapse. John McFall, chairman of the Commons Treasury Select Committee, said the state should step in 'for the sake of financial stability'.
Mr McFall, who made his plea jointly with leading private equity chief Jon Moulton, warned that the banks would be crippled by uncertainty without 100% nationalisation.

if what you say is true, then i am amazed that LLOY performed as well as it did - i.e. no move overall on the day

Isn't it typical of "died in the wool" scottish old labour MP's to call for nationalisation, what next? Pay that we have an English Parliament soon.

Two questions
1. Does the government have enough for all this nationalization?
2. Is this the answer to the problem?

big squeeze this morning, possibly on back of strong bank performance in US last night and UK minister saying no need to nationalise ..... however, is this sustainable in all senses?

I doubt the government will be keen to nationalise. The balance sheets of even the smallest remaining banks is probably larger than our GDP. My guess is they'll try to let them hobble on for now. I wouldn't be surprised to see the short selling ban reintroduced. Not because it'll make any difference, but because the short sellers are an ideal scape coat. The subsequent price pop would probably also buy some more time. If confidence continues to collapse though, ultimately there could be no choice but to nationalise. I dread to think what would happen to Sterling with the banks liabilities on the governments books though. All seems very sureal....

In my opinion.

Strawbs.

Strawbs for government read us taxpayers.

It's very difficult to see how RBS and LLOY can survive and I say that as a shareholder in RBS. The market would then target BARC and bring them into Gov/other ownership. HSBC would then probably collapse particularly if the economy gets worse in the Far East. I could then only see Standard Charter survive. The Gov knows it is a pack of cards waiting to happen which is one reason why they don't want to start nationalising them.

Just a thought. Why can't a company be nationalised and if and when it is returned to the market, say in 2 years time, the original investors get their shares back? That way, everybody stays reasonably happy except the idiotic board who got us into this mess in the first place who presumably would be kicked-out.

Another RNS telling us that a Director has bought about 200-worth of shares, but you'll be glad to know that to encourage this risk, he's been given 75 "matching shares" ( Eh, whose maths is that?). . . . nice to know that Director and shareholder interests are aligned.
Grr!
LLOY is up 10% today, I wonder if that is this 200-worth Director purchase, it would be nice to think not.

with Dow tanking, it will be interesting to see what happens in London tomorrow morning, especially with the banks ...... my bet is that they will marked down as heavily as they were marked up this morning.

i have actually cashed in about 60% of my LLOY holding (if a short can be deemed such) for a respectable profit ..... the balance is currently showing a slightly smaller loss

hindsight is great, but was still better to bank some profit last night than to hang on to all ...... balance now also in profit

My target is still 24p.

i would be very happy with that, but got too greedy when sp dropped to about 33 the other day ..... should have banked the profit then, but no matter

Still you made a good profit thats the main thing.

In auction.

Target now 124p.

glad i cut my losses yesterday!

nice profit taken today, as the gardener said to the art mistress.. nice to have a bird in the hand.

more fun to have two in the bush!

God punished me for getting too smart by several-fold when sp was lowq/mid 30s!