Another bank I hear are being bought tomorrow

[Digweeds Trousers]

Think annoying twonk with glasses in the worst adverts ever...........

My contacts on the inside at Lehman Bros have told me this afternoon that another massive casulaty is going to be announced tomorrow.......

Will not disappear as such but will be bought by another of the High St funders tomorrow - already the stuff about AIG has been on here.

And the last comment - it was made over a lunchtime drink by someone I dont know so may be rubbish - but he said after his 5th Stella and whisky chaser of the hour get together (he found out this mornign that he has lost his job, £50,000 in commission will never get to him and a wife and two girls at school so drinking heavily today) he asked me if I had bought a Barratt or Wimpey home in the last 12 mnths.

I said no - and he said good for you. if you ahve I suggest you go home tonight, pack up and get the f*** out.

I have heard a number of people tell me in recent weeks that these guys are in trouble......

The famous quote.....'Whats the worst thing about the first day of a crash?









The fact that the second day is always when the really bad news hits.

 

[CHAPPERS]

but he said after his 5th Stella and whisky chaser of the hour

How responsible.

 

[strings]

Barratt - lost roughly 14% of its' value on the stock market so far today.
Taylor Wimpey lost 15.3% so far.

So, that isn't a huge surprise.

 

[Bevendean Hillbilly]

Pissed bloke talks too much shock.

His Mrs. Will love that..."hello darling..*hic*..have a guesh whatsh happened today...*hic*"

 

[Lokki 7]

How responsible.

To be fair that is quite a responsible comment after that intake. I'm normally on to talking about football and whores by then.

 

[strings]

So far today HBOS has lost 24.7% of its' stock market value - surely the stock wouldn't be decreasing at that speed if a buyout were immenent.

 

[Digweeds Trousers]

To be fair Chappers a number of these guys are pretty regular guys.......just happens that some people in their profession have made ugly amounts of money for questionable practices.

If had got up at 5.15am and gone to work after 6 months of wokring in the most strained and uinpleasant environment with the almost inevitable ending of losing my job being the outcome (and no other jobs in my secotr up for grabs) then I would probably get absolutely smashed.

OPNe Chirstmnas office drinks was enough to end my career before - so that situation would be an open invitaation to Acloholic Armegeddon

 

[The Antikythera Mechanism]

To be fair Chappers a number of these guys are pretty regular guys.......just happens that some people in their profession have made ugly amounts of money for questionable practices.

If had got up at 5.15am and gone to work after 6 months of, hic!, wokring in the most strained and, hic!, uinpleasant environment with the almost inevitable ending of losing my job being the outcome (and no other jobs in my, hic!, secotr up for grabs) then I would probably get absolutely smashed.

Hic!,OPNe, hic!, Chirstmnas office drinks was enough to end my career before - so that situation would be an open, hic!, invitaation to, hic!, Acloholic, hic!, Armegeddon

Have you been drinking?

 

[Uncle Spielberg]

HBOS going under would be a catastrophy for the mortgage market but their market share has fallen from 25% last year to less than 7& this year and they have recently shut down The Mortgage Business company so nothing would suprise me at the moment.

The 2 US banks going bust have added 6 months onto the credit crunch here and totally destablised a market showing the first signs of stability.

 

[Lokki 7]

HBOS going under would be a catastrophy for the mortgage market but their market share has fallen from 25% last year to less than 7& this year and they have recently shut down The Mortgage Business company so nothing would suprise me at the moment.

The 2 US banks going bust have added 6 months onto the credit crunch here and totally destablised a market showing the first signs of stability.

HBOS, Bradford & B and All.& Leicester are the ones to watch here. HBOS is most peoples favourite, IG Index have stopped taking sell bets on it. Always a very bad sign. At least we won't have to put up with those shite ads anymore.

 

[Uncle Spielberg]

What the f*** is Howard going to do ?.

A&L are being taken over by Santander , B&B are in the do do. If Halifax do a fannie mae the whole market is f***ed as it is the biggest historical lender in the UK with the largest current mortgage book.

 

[Fred Oliver - Legend]

i owe alliance and leicester a grand, if they go bust or bankrupt(or what ever it is) will i still owe them anything?

 

[strings]

HBOS, Bradford and Bingley, RBS, Friends Provedent, Braclays and Prudential are all in todays top 10 stock market losers* so far.

*according to percentage share value lost.

 

[Lokki 7]

What the f*** is Howard going to do ?.

Could he be the answer to our lack of creativity in midfield?

 

[Scoffers]

so, any mortgage experts out there?

If you have a mortgage with Lender A, say for £200k, and Lender A goes bust, what happens to your mortgage?

Confused of mid sussex

 

[bhaexpress]

A lot of people have been made redundant over the years, most don't get anything like the pay of these Bankers, sorry I don't feel that sorry for them, there's plenty of people much worse off.

 

[Uncle Spielberg]

The lender would be taken over or nationalised like Northern Rock, you will still owe the £ 200k and have to pay the mortgage, sorry

 

[Uncle Spielberg]

oday is the worst day in the World markets for 150 years. Even worse than the Wall Street crash which Lehmann survived.

 

[Westdene Seagull]

The lender would be taken over or nationalised like Northern Rock, you will still owe the £ 200k and have to pay the mortgage, sorry

I doubt very much the Government will nationalise another bank. What if there were no buyers as was the case for Lehmans ?

 

[Uncle Spielberg]

I doubt very much the Government will nationalise another bank. What if there were no buyers as was the case for Lehmans ?

The government would be forced to take on the debt and nationlise it like the US government have done with Lehmann.