A. P. : H B O S - Lloyds Deal May Be Off

[Realistbear]

http://biz.yahoo.com/ap/080917/britain_hbos.html

The brief announcement to the London Stock Exchange gave no details, adding that the

talks may not lead to an agreement

.

THis is why Gordon announced* an hour or so ago that he (we) are ready to do whatever is necessary.

NR number 2 , get ready.

_____________________

* Sept. 17 (Bloomberg) -- The U.K. government is ready to intervene to ensure the stability of the financial system, Prime Minister Gordon Brown's office said.

``We will do whatever is appropriate to maintain the integrity of the U.K. financial system,'' Brown's spokesman Michael Ellam told reporters today at his daily briefing in London. ``The prime minister speaks to a very wide range of senior business and financial leaders all the time, as you would expect.''

Edited September 17, 2008 by Realistbear

[Injin]

http://biz.yahoo.com/ap/080917/britain_hbos.html

The brief announcement to the London Stock Exchange gave no details, adding that the

talks may not lead to an agreement

.

THis is why Gordon announced an hour or so ago that he (we) are ready to do whatever is necessary.

NR 2 , get ready.

Note to Peston "snout" means tobacco, "screw" means warder and "soap, pick it up" means you are getting what you deserve, you idiot.

[injustice]

http://biz.yahoo.com/ap/080917/britain_hbos.html

The brief announcement to the London Stock Exchange gave no details, adding that the

talks may not lead to an agreement

.

THis is why Gordon announced* an hour or so ago that he (we) are ready to do whatever is necessary.

NR number 2 , get ready.

_____________________

* Sept. 17 (Bloomberg) -- The U.K. government is ready to intervene to ensure the stability of the financial system, Prime Minister Gordon Brown's office said.

``We will do whatever is appropriate to maintain the integrity of the U.K. financial system,'' Brown's spokesman Michael Ellam told reporters today at his daily briefing in London. ``The prime minister speaks to a very wide range of senior business and financial leaders all the time, as you would expect.''

Black Thursday it is then!

Edited September 17, 2008 by injustice

[Alibloke]

This is all terribly exciting, I've enjoyed the past 2 days of HPC forums

[stuckmojo]

It's ok, the yanks are working hard to limit naked shorts

Horse-Stable-Bolted, Make up the sentence from Bloomberg

[jp1]

What do you expect when Brown, the man with "The Andrex Touch" gets involved

Brown and his minion Peston need to go to jail for their blatant interfering in share trading this morning

[stew]

Note to Peston "snout" means tobacco, "screw" means warder and "soap, pick it up" means you are getting what you deserve, you idiot.

[Wait & See]

Competition hurdles to be cleared for HBOS/Lloyds TSB deal

Kevin Mountford, head of banking at moneysupermarket.com, meanwhile claims the best solution for consumers would be for HBOS not to be swallowed by Lloyds TSB.

"A shotgun marriage of HBOS and Lloyds TSB would not be in the best interests of British consumers," he said

[Matt Bear]

What do you expect when Brown, the man with "The Andrex Touch" gets involved

Brown and his minion Peston need to go to jail for their blatant interfering in share trading this morning

I'm not the only one then who thinks that Peston must have got the nod from GB.

[OLDFTB]

Note to Peston "snout" means tobacco, "screw" means warder and "soap, pick it up" means you are getting what you deserve, you idiot.

He works for the BBC, Ewan Davies is his boss, so...he must be used to it!

[Si1]

Black Thursday it is then!

goddamit! I've shot my one chance of a succesful black day post - a day early! screw you all I tell ya!

[Guest mattsta1964]

Note to Peston "snout" means tobacco, "screw" means warder and "soap, pick it up" means you are getting what you deserve, you idiot.

Injin wins the 'Comment of the day on HPC' prize........AGAIN!

If HPC was offering medals, Injin would have a stacked cabinet!

[Fully Detached]

I'm not the only one then who thinks that Peston must have got the nod prod from GB.

No, you're not

[Wires 74]

The deal will go ahead, this section of the output is just to throw a ball in the opposite direction for some. Misinformation added to misinformation is just part of the game, Browns announcement is really about saying we are going to do the same as the Fed announced on Monday, we will deregulate if need be to fight the hedge funds at their own game.

The hedge funds are smelling blood in the air it might be their targets it might be their own its still quite tight to call for sure.

Very High Stakes Poker for sure - are the Hedge Funds hoping to bust HBOS then get cash back from Gordon ( a-la UK taxpayer) not sure how these things work ...

I see they had a concerted attack before 9.am this morning then again at 1300 this afternoon - will the shorters have another go before close I wonder ?

[Nicholas Cage]

This is the official statement

In the light of market speculation, the Board of HBOS plc confirms that it is in advanced talks with Lloyds TSB Group plc which may or may not lead to an offer being made for HBOS.A further announcement will be made when appropriate

http://www.londonstockexchange.com/LSECWS/...&source=RNS

I don't think it says either way, most likely it will go through.

Gordons announcement was after this one.

Edited September 17, 2008 by Nicholas Cage

[Si1]

Injin wins the 'Comment of the day on HPC' prize........AGAIN!

If HPC was offering medals, Injin would have a stacked cabinet!

providing they're real exchangeable gold then I'm sure he'd be very happy with that - but not a cash prize...

[Objective Developer]

Injin wins the 'Comment of the day on HPC' prize........AGAIN!

If HPC was offering medals, Injin would have a stacked cabinet!

Yeah, and can you now please get your tongue out of his ****?

[sbn]

Note to Peston "snout" means tobacco, "screw" means warder and "soap, pick it up" means you are getting what you deserve, you idiot.

Outstanding Injin, haven't LOLLed so hard in ages!!

[Wait & See]

What do you expect when Brown, the man with "The Andrex Touch" gets involved

Brown and his minion Peston need to go to jail for their blatant interfering in share trading this morning

Brown needs to go to jail for interfering with Peston. Peston needs counseling for the trauma.

[IDN]

It's ok, the yanks are working hard to limit naked shorts

Horse-Stable-Bolted, Make up the sentence from Bloomberg

we hear about these deals all the time- i doubt it'll ever see the light of day/make a shred of difference- afterall what are loopholes there for?

:angry:

[Dave Spart]

This is all terribly exciting, I've enjoyed the past 2 days of HPC forums

Yep, this is the place to be - and the financial news websites so you can bring developments to the forum's attention.

We live in interesting times!

[cht]

This is all terribly exciting, I've enjoyed the past 2 days of HPC forums

fun isn't it. you on cricketweb? recognise the avatar

[chichi]

So how much would they have to give a bank to take over another bank?

Would it be less than bailing out the mess directly?

[Willy Weasel]

Just been thinking about the BoE's announcement that the current liquidity scheme has been extended. In other words there has been no extension of the assets that can be swapped. I'm not sure this was what Lloyds TSB was looking for when Peston mentioned the deal was conditional upon a permanent successor to the current scheme.

Anyone who understands these things better than me care to comment?

[Realistbear]

"Both boards met this morning and are meeting again tonight to give their approval."

According to BBC

Gordon may have to recall Parliament as his actions are technically illegal and contravene various pieces of legislation regarding competition, bribery, extortion and threats to cause GBH.