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Joey Buttafueco Jr

Lloyds Numbers

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Meh. We will see writedowns and losses for the foreseable future. What was HBOS in the hole for when they were taken over? 500 billion?

Their share prices, however, will keep getting propped up through access to 0% taxpayer loans as they take chance after chance at the global casino.

The only loser is everyone outside of the Lloyds banking group, in the short term.

In the long term, its the nation thats fvcked because of this. Big style.

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The state banks are writing down a lot. Makes you wonder if Barclays and HSBC are still hiding theirs. I know the last two were more prudent than RBS and HBOS but makes you think.

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The state banks are writing down a lot. Makes you wonder if Barclays and HSBC are still hiding theirs. I know the last two were more prudent than RBS and HBOS but makes you think.

They probably shoveled their bad loans onto the state backed banks. Old boys doing each other favours and all that.

Edited by Minos

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City analysts expect bad loans at Lloyds to keep rising well into next year as more of the billions of pounds lent by HBOS during the boom rebound on the bank during the recession.

Sandy Chen, an analyst at stockbroker Panmure Gordon, has forecast that Lloyds will writedown £50bn of bad loans by the end of next year.

:o:blink: . so much future pain to come ...........

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Yet their share price is flying high at the news.

Already gone over 90p this morning with yesterdays close at 84.27p.

Knew I sold way too soon! :lol:

Q

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:o:blink: . so much future pain to come ...........

If only they had paid bigger bonuses to motivate people properly, this would never have happened.

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Meh. We will see writedowns and losses for the foreseable future. What was HBOS in the hole for when they were taken over? 500 billion?

Their share prices, however, will keep getting propped up through access to 0% taxpayer loans as they take chance after chance at the global casino.

The only loser is everyone outside of the Lloyds banking group, in the short term.

In the long term, its the nation thats fvcked because of this. Big style.

The BBC and their tame expert seemed to suggest all the bad times were behind us and these losses were irrelervant!

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The state banks are writing down a lot. Makes you wonder if Barclays and HSBC are still hiding theirs. I know the last two were more prudent than RBS and HBOS but makes you think.

State banks are writing down as fast as they can because soon 90% of losses will get picked up by the taxpayer. Happy days.

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I just don't understand the stock market. How are the shares up 10% off the back of these gruesome numbers!

Because the taxpayer will soon be picking up the losses.

Lose £10bn, the taxpayer picks up £9bn and you cover £1bn.

Soon the losses at the banks will be coverable for a time with profits, but only if the taxpayer picks up the tab.

That's why the shares are going up.

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Anyone from HBOS been arrested on fraud charges yet then? :unsure:

The highly paid board members perhaps?

I mean, this is the biggest fraud ever committed against the UK isn't it? That's what we have the SFO for isn't it? To arrest £multi-billion fraudsters?

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Because the taxpayer will soon be picking up the losses.

Lose £10bn, the taxpayer picks up £9bn and you cover £1bn.

Soon the losses at the banks will be coverable for a time with profits, but only if the taxpayer picks up the tab.

That's why the shares are going up.

Sorry don't understand. Is that because the Govt. own 90%. Can't keep up.

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Anyone from HBOS been arrested on fraud charges yet then? :unsure:

The highly paid board members perhaps?

I mean, this is the biggest fraud ever committed against the UK isn't it? That's what we have the SFO for isn't it? To arrest £multi-billion fraudsters?

Don't be silly! Former HBOS boss is now going to run Boot's.

Edited by HostPaul TAFKA Rover2000

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In fairness, Lloyds were one of the more sensible lenders.

They were doing OK until coerced into taking on the toxic turd formally known as HBOS.

:angry:

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Because the taxpayer will soon be picking up the losses.

Lose £10bn, the taxpayer picks up £9bn and you cover £1bn.

Soon the losses at the banks will be coverable for a time with profits, but only if the taxpayer picks up the tab.

That's why the shares are going up.

It's brilliant isn't it.

I'm going to ask the government if I can put a few bales of hay into the APS, they are really quite special bales of hay mind. Made with love and affection. I reckon they are worth more than the current market for hay is willing to pay for them because at this time the market doesn't know enough about how special my hay is to appreciate it's value. So when I do my tax return I am going to say that my 2 bales of hay are actually worth TWICE what I can get for them on the open market so my return will say that I own 4 bales of normal hay. And luckily for me, if I am wrong with my estimation of just how special my hay is it doesn't matter because my downside is only 10% and the government will GUARANTEE that I will always be worth at least 3.6 bales of hay. It's really quite super hay.

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