Coming to a Cinema near you...large sub-prime losses from

Northern Rock

Bank of Scotland (high value specialist lending unit based in Essex)

Mortgage Express

Birmingham Midshires

Platform Funding (underwriters are complete idiots)

Bank of Ireland (they took silly risks in the English market to get market share)

some HSBC/Barclays underwriting is very iffy....


Sensible Lenders Prize:

Royal Bank of Scotland

(but they may chuck everything down a Chinese drain so you never know)


And as for Kensington.... well if you hadn't worked that one out...


I see things...they come across my desk and the sugar leaves my frosties...until I use my Mojo

TJ

but I have lost a bundle on my E&P companies this week so what do I know ?

After BOE steps into to help Northern Rock....

Next stop : Birmingham Midshires


Remember you can read tealeaves or economists' tracts but only the Man iwith the Mojo is in the Know.

TJ

Next Stop: Bradford & Bingley


it's not even worth talking about GMAC et al.

I can't see an edit function anywhere....

I meant to post that Britannia will be the next one not Birmingham Midshires although there's a double hit at HBOS with BM and BOS specialist unit. That will take longer to unravel however.

First sign of madness is talking to ones self , good call on Northern Rock although not entirely unexpected

I called Northern Rock, HBOS, and Bradford & Bingley correctly on here in August and September last year. I had been writing sell notes 18 months before that.

Britannia will go next (into the arms of ......).

I also called Bear Stearns and Morgan Stanley (Lehmanns was too obvious).

Does anyone doubt that my system of reading land monitor entrails, tea leaves, cloud formations, or staring into witches' brew.... actually WORKS whereas all other scientific predictions are complete rubbish ?

As any loony social anthropologist will tell you: Voodoo works !!!

I've just put a spell on Dr Bubb's Hong Kong apartments.....

What's that James Bond film with the smiley witchdoctor at the end ?

Togo Jo with the nano mojo

Don't know a lot about witches brew, but I'll certainly smoke whatever your having.. seems to work a treat!

Good call!

don't smoke...palm wine well that's another story

TJ