Markets in freefall. Are you worried?
We really need to go back to having an interview with the bank manager to explain why we need a loan, but more importantly, how we are going to pay it back! Rampant consumerism is on its last legs, and not before time IMO. If you can't afford it, you can't have it. End of.
Dow down 714 if it stays like this it will be a record drop,bigger than 911.
Great, another ridiculously hectic day at work tomorrow (in a bank) with thousands of pensioners scared about their savings, jamming up the phone lines and assuming because the phone lines are jammed we're going under
Markets in freefall. Are you worried?
That was in fact incorrect. HBOS panicked, and yet if they'd waited a few more days, when the figures evened out, they need not have been sold off to Lloyds. That was a sign of how jittery people are, and how even the supposed, 'men who know their stuff' can get it wrong.Yes.
As a shareholder of Lloyds/RBS I am.
I don't need/want the funds for 15 years or so but I feel for those who rely on shares for dividends/income right now.
As each week goes on, I fear it will take longer and longer for the whole storm to blow over.
Given that HBOS was on the brink before Lloyds (well G Brown) stepped in, there can be no guarantees that even the largest of banks are around in years to come.
If Lloyds do make it through though i'm sure they'll eventually be stronger simply because half of the opposition will have been wiped out.
The Share price collapse (in the past days/weeks/months) for many a FTSE 100 share will take years to recover (imo). I certainly don't see any hope until the turn of the next decade.
That will probably coincide with New Labour being booted out of office too so hopefully 2 things to loook forward to.
That was in fact incorrect. HBOS panicked, and yet if they'd waited a few more days, when the figures evened out, they need not have been sold off to Lloyds. That was a sign of how jittery people are, and how even the supposed, 'men who know their stuff' can get it wrong.
Err, no. The wife was handed that info by one the managers she used to work with - at HBOS.That is, possibly incorrect to. We'll never know (well not for a while) how much a part Mr Brown played in all this. If they had waited a few more days then they may well have been forced to throw in the towel anyway.
Can you imagine what the HBOS Share price would be now if Lloyds/G Brown hadn't stepped in
So much speculation anyway and all subject to various opinions.
We really need to go back to having an interview with the bank manager to explain why we need a loan, but more importantly, how we are going to pay it back! Rampant consumerism is on its last legs, and not before time IMO. If you can't afford it, you can't have it. End of.
Shame they (congress) couldn't have lied and said 'Yup we'll do it'...... then the banks around the world would have the confidence to lend money (on sensible terms) and we could all move on.
The rest of the economy looks fairly strong (apart from house building related industries).