goldfinger
- 12 Jan 2010 20:42
goldfinger
- 25 Jan 2011 16:58
- 677 of 3532
Lets not forget aswell labour bailed the banks out should they have been let go the wall, and think of the consequences of that.
ptholden
- 25 Jan 2011 17:03
- 678 of 3532
GF
It took Labour just over 10 years to screw up a healthy economy and they left behind an utter and complete shambles. It will take more than 8 months to sort out the mess. Personally, I think letting one bank go to the wall would probably have been a good thing in the long run, rather than this tortuous process of waiting for them all to come clean. I don't really understand how the Labour party can try and claim the moral high ground and criticise the Coalition, when it was those same stupid w*ankers who got us into this mess in the first place, but that's politics for you!
hilary
- 25 Jan 2011 17:20
- 679 of 3532
Agreed, PTH. I certainly don't think the banks should have been bailed out either, and if they had been forced into disclosing and writing off the full value of all their toxic loans at an earlier stage, then the whole sorry business (at least in the UK) may have been over and done with now. It certainly wouldn't have been pretty, but it's got to have been better than a death by 1,000 cuts which is where we're at now.
You've just got to look at Spain where the banks are brimming over with repossessed properties on their books which they can't put on the market because it would cause a further property collapse and force them into accepting potentially fatal write-downs.
What really irritates me though is that governments around the world are blaming banks for the mess and threatening breakups and sanctions over bonuses, etc left right and centre, while they still expect those same banks to participate in bond auctions to pick up their own sovereign debt. If I were the boss of a major UK bank, I'd be telling John Vickers to stick his independent commission where the sun doesn't shine and tell him to buy a few billion pounds worth of sovereign debt himself if he wants to dictate what's paid in bonuses.
goldfinger
- 25 Jan 2011 19:29
- 680 of 3532
We we'l just have to diasagree chaps, I know this, I and a lot of people did very well out of the labour years and never had it so good.
cheers GF.
Fred1new
- 25 Jan 2011 19:58
- 681 of 3532
I suppose the Spanish Banks could set up business renting flats to British tourists if they can afford the rents. 8-)
I would like to visit some bank accounts in Dubai, Cayman isles. Swits and Austria. Might be interesting to do the accounts.
Told that more pressure of disclosure is being considered.
Fred1new
- 25 Jan 2011 19:59
- 682 of 3532
Buy the way should I go short or long to-morrow?
tyketto
- 26 Jan 2011 00:52
- 683 of 3532
Britain's debt.
Net deficit,including the bailout of RBS and Lloyds is
2,322,700,000,000, according to the ONS.
Equivalent to154% of the entire national output.
Evening Standard,25.1.11.
ThePublisher
- 26 Jan 2011 06:25
- 684 of 3532
"then equities should continue to rise which is surely good news for most people here."
And, as just said on BBC Breakfast (6.20), most of the FTSE profits are earned overseas where growth is generally better.
I've just back from a holiday in Laos where it is 8% !!
TP
goldfinger
- 26 Jan 2011 07:50
- 685 of 3532
Futures look promising. Lets hope they hold their strength.
On a seperate note, 'the worlds gone mad' anyone else think this Andy Gray thing has gone well over the top?. Im old fashioned and men were men at one time. Seems to me that the whole media scene is being dictated to wet liberals, womens libbers and Gays. Its pathetic.Nothing against any of that group but in a bit you,l be constantly looking over your shoulder in this country.
Chris Carson
- 26 Jan 2011 08:04
- 686 of 3532
Unfortunately Gray has given Murdoch the perfect opportunity to get rid in view of the fact that Gray is having the audacity to sue the News of the World, or am I being a tad cynical?
goldfinger
- 26 Jan 2011 08:09
- 687 of 3532
Good point Chris, yes well made.
goldfinger
- 26 Jan 2011 08:41
- 688 of 3532
Morning read from I Inteligence Didnt do one yesterday, nust have really been despondent. Big call on ASOS, Anyone hold?.
http://www.investorsintelligence.com/x/marketdataindex.html?op=art&aid=58637
Chris Carson
- 26 Jan 2011 08:59
- 689 of 3532
Sage (SGE) moved stop to 287.5 to lock in +10
goldfinger
- 26 Jan 2011 09:29
- 690 of 3532
SPT featured here FLYING.
goldfinger
- 26 Jan 2011 09:29
- 691 of 3532
ABC similar.
goldfinger
- 26 Jan 2011 09:48
- 692 of 3532
Invesstech daily plays
Buy Candidates: HSBA ISF WPP JMAT CCL PFC Sell Candidates: NG Neutral: EZJ ITA CGA
goldfinger
- 26 Jan 2011 10:08
- 693 of 3532
LAM STJ looking horny.
goldfinger
- 26 Jan 2011 11:07
- 694 of 3532
goldfinger
- 26 Jan 2011 11:37
- 695 of 3532
PRTY blue for a change. What next?.
splat
- 26 Jan 2011 11:43
- 696 of 3532
hopefully HOC back to 6! <8-)