Thursday, Jul 03, 2008
Perhaps B&B stands for Bye Bye!!!!
FT: Bradford & Bingley braces for credit downgrade
Buy ToiLet lender B&B is braced for a further setback after Moody’s, the rating agency, indicated it was preparing to cut the ailing mortgage lender’s credit rating.
Moody’s, which has been reviewing B&B’s credit ratings ever since it issued a profit warning last month, has decided to lower the bank’s main ratings by a single notch, people familiar with the matter said. An announcement could be made later on Thursday.
Posted by who stole my pension? @ 06:44 PM (764 views) Add Comment
12 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. flintster1994 said...
Moody's should be downgrading themselves while their at it! Crooks!
2. planning4acrash said...
Now, given that we know that the BOE will have monetised some of these charlitan's debts, and swapped good toilet paper for bad, this puts the tax payer in an aweful situation. Bye Bye state pension and NHS.
3. who stole my pension? said...
p4c do you think this crash will get so bad that even MP's loose their gold plated index linked pensions?
4. paul said...
What exactly does this mean for the BoE left holding B&B's demonchild debt?
5. paul said...
BTW, Moody's and B&B talking about each other's credibility?
Pot, meet kettle.
6. last_days_of_disco said...
The fun is just starting and we are already into this territory, imagine 6 months time!
7. planning4acrash said...
Paul, it means nothing to the BOE, nothing does, because they print their own money!! It sucks for us and all industries not benefiting from the printed money.
8. alan said...
@ who stole my pension,
The MP's have voted to maintain the "John Lewis" list for their expenses today. They are certain to collect their gold plated pensions, even if we starve!
Moody's should have sorted out their ratings ages ago....something smells bad there....no wonder the Chinese and Arabs are looking to manage their own funds and banks. The less they have to do with the west, the better. Can't say I blame them!
9. planning4acrash said...
Moody's will sort themselves out at the point when their masters want a crash. Orchestrated boom, orchestrated crash.
10. planning4acrash said...
Just like how all the CCTV camera's turned off during 9/11, 7/11, DeMenzes, etc.
11. Jayk said...
"Just like how all the CCTV camera's turned off during 9/11, 7/11, DeMenzes, etc."
Oh Jesus ****ing Christ will you please ban this crank.
12. planning4acrash said...
They control the industries, they control the watchdogs. Looking or a water filter the other week, I discovered that the watchdogs were privatised with the water privatisation process. The regulators and watchdogs are owned by the industry they control. The corporations control themselves!