Thought Id start this one going because its rather dead on this board at the moment and I suppose all my usual muckers are either at the Stella tennis event watching Dim Tim (lose again) or at Henly Regatta eating cucumber sandwiches (they wish,...NOT).

Anyway please feel free to just talk to yourself blast away and let it go on any company or subject you wish. Just wish Id thought of this one before.

cheers GF.

Oh Yesssss! Brilliant Exec!

Maybe the same person could 'do a job' on the NHS yacht!

:-))))

Mr Plod has no sense of humour

It would be interesting to see what charges could be drummed up against the perpetrator of this terrible crime!

Defacing a wall before it's been officially defaced maybe?!

How to tell if the market has hit bottom

ExecLine.. Just see the clip, very funny and sadly true.

Now how about this.

You couldn't make it up.

According to The Daily Telegraph, the 'Public Cash Watchdog' which has the responsibility of investigating councils decisions to invest in Icelandic Banks has
10,000,000 of its own money stranded in 2 of these banks themselves.
They are investigating investments to the tune of 1,000,000,000 by local councils and NHS Trusts.

So the chances of the inquiry finding that the councils made improper or/and irresponsible decision re investing in these institutions is if fairly slim then.

The Public Cash Watchdog commission's chairman said, The commission made its deposits in April and June this year, long after financial analysts gave warnings that the banks were building up dangerous amounts of debt and were of high risk places to invest. He also said, "I can see that it looks awkward".

You can say that again.

Now I wonder how much this waste of time whitewash will cost!

UNBELIEVABLE

No Greek, not unbelievable these days, more typical I would say! ;o)

A bit like the Health Trust that is spending thousands on encouraging drug addicts into their centers by offering free, massages, pedicures, hair cuts and other similar treatments.
No doubt they will still leave these centers with needle tracking marks, but with lovely manicures nails and neat hair styles.

How will this Government be remembered now they are all officially Bankers.

Will they set up a new website, bbb.bankers.co?

Banks are just not learning.

I have for several years been a self confessed credit card rate tart.
About 5 months ago I transfered debt from a certain credit card to a Barclay Credit Card. Since then each month I have paid of the minimum amount as the card is NO Interest for 12 months.
Despite only paying the minimum monthly payments, I have just received correspondence from Barclays informing me that as they review credit limits on a regular basis they have increased my limit.
Presumably they feel that as I have made the minimum payments on time, this indicates that I can afford to repay a larger debt.
For all they know I can only afford these minimum payments and transfered debt to them from my previous card provider because I just can't afford to pay the full amount off. (I can but they can't know this).
I did not request this limit, nor do I need it.

Will they ever learn.

How you doing? Ok thanksmaking money?.getting by.got any tips?dont invest in the AIM! Cheers mate.dont mention it!

Approximately 40 or so years ago, we were quite friendly with our then bank manager and his family. Visits to each other's homes, evenings out, lunch time and early evening drinks. That kind of thing.

Amongst our many chats, he told me there were four principle guidelines used by the bank for lending out money to a borrower. He referred to them as 'The Four C's'.

I can't actually remember exactly what they were, so I've Googled for the answer.
They are still about. In fact sometimes it seems, there are five or even six of them.

Character; Capacity; Capital and Conditions

Capacity, Credit history, Capital, and Collateral

Five C's of credit

Definition:

Judgmental factors which (in theory) bankers use to evaluate the quality of a personal or small business loan application.

The first four of these are normally under the control of the applicant whereas the fifth is not:

(1) Good reputation and track record (character) that indicates a willingness to meet one's obligations,
(2) Stable and adequate capital base,
(3) Capacity to generate cash flows adequate to cover debt-service,
(4) More than adequate valuable assets for pledging as collateral, and
(5) economic and other conditions conducive to the applicant's plans.

In practice, however, the order of the importance of these factors often is: collateral, capacity, capital, conditions, and character.

The first one being the least important in a way Exec! Take a farmer for example, the value of his farm, and the way he looks after his land, can have a bearing on the value of his property. If he is a good farmer, the asset will be more valuable, if he is a bad farmer, then obviously it would be worth less. I would put more emphasis on the farmer's ability not his collateral. Bank's don't seem able to grasp this context nowadays.

In the farming community, the most needy are usually Tenant Farmers. Getting hold of good assets is therefore, extremely difficult for them. That's probably why there are such a lot of tatty farms about.

Such farmers are also fairly 'private' people and thus not too well up on finance or legalities. It is also quite difficult for them to deal with issues using mainly only reality-type reasons. eg, They might feel that 'Length of time as a customer with the bank' should be the only criteria used as a decision for the granting of an overdraft.

But I really do agree about the quality of decision making by a typical bank lender as being poor. Perhaps, the terms 'jobs worth' or 'robotic' might be more accurate. As in 'Computer says 'now' - (sounds like 'now' but means 'NO' - a la Little Britain).

Its funny that in these tatty farms.. the farmers always drive around in large diesel MercsI wonder what colour their diesel is?and they all have large mattresses.

'Computer' hasn't been saying "no" enough in the last few years!

It really is quite hard to get your head around 'Why' they actually do shove money at you and encourage you to borrow more, without more thoroughly going into the affordability of what they are wanting you to borrow.

It's as though they have an internal culture of mystical belief.

Firstly, that you will not default.
Secondly, that if you do default, then it is going to definitely be some other organisation you actually default with and not theirs.

After typing this, I re-read it and I wondered if I ought to more closely define 'they'.

I concluded, 'No'.

They were all at it. They are all still at it.

The only difference nowadays, is that they charge you more for it.

I sometimes wonder if the banks have adopted the attitude "we are all doomed, let's try to make a quick buck whilst we are here, and to hell with the consequences"!