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Fred

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Posts posted by Fred

  1. I think he was some how wound up then led down a path to the point where he was tricked by the reporter into saying some of these things.

    However it is very big news and as mentioned, will KILL confidence.

    Either that or a. we are being setup for some mega bad news or b. he has fallen out with GB (all mentioned already)

  2. Just to clarify....

    At the moment the adjustments are working in their favout not ours?

    I thought it was the other way around in that their adjustment is currently making the drops look bigger and in a few months at the same rate the adjustment will make the drops look even smaller - maybe even go + again.

    ??????

  3. I can't see if this has been mentioned already in another post but can somebody please explain what the implications of this are in leymans terms?

    Is it some sort of lending risk rating for other banks etc?

    http://www.reuters.com/article/BANKSL/idUSN0228578820080602

    "NEW YORK (Reuters) - Standard & Poor's on Monday cut its short-term ratings on Bradford & Bingley plc, and said it may cut them again, after the British lender said profits for 2008 will be significantly below current market estimates......."

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