Saturday, Sep 27, 2008
B&B = Boom & Bust
FT: Regulators race to find B&B solution
The UK Treasury and financial regulators are racing against time to find a solution to help shore up Bradford & Bingley before the markets open on Monday morning.
Posted by renting2 @ 09:07 PM (306 views) Add Comment
4 Comments
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1. uncle tom said...
I tried to enter Robert Peston's latest opinion on this, but the 'duplicate article' block stopped me - duplicate address, but not the same..
In it he thinks that it would be a good idea for the govt to take over B&B's mortgage book.
- WRONG!!
B & B's mortgage book should not be touched with a bargepole - it's toxic from head to foot..
Here's the link: http://www.bbc.co.uk/blogs/thereporters/robertpeston/
2. This comment has been removed as it was found to be in breach of our Blog Policies.
3. jonb said...
I can't see why Abbey would want to buy it. I doubt very much there is even one Bradford & Bingley branch that isn't near an Abbey branch; and even if there was, and Abbey wanted to open a branch there, I'm sure there are plenty of other empty retail premises nearby they could use.
I'm pretty sure nobody wants their self cert buy to let mortgages unless they are sold at a very substantial discount to nominal value. Alliance and Leicester has the former Girobank operations which I guess are of interest to Abbey, but I can't see what Bradford & Bingley has.
4. jack c said...
See Little Prof's latest post - BBC announces that B&B is to be Nationalised.