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eric pebble

Telegraph: Uk Lenders Face £130bn More Losses From Financial Crisis

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Telegraph: UK lenders face £130bn more losses from financial crisis

http://www.telegraph.co.uk/finance/finance...ial-crisis.html

We are well and truly F*CKED.

"Moody's "base case scenario" anticipates a 40pc peak-to-trough decline in UK house prices and a 60pc drop in commercial property, the report said. The highest losses will come from commercial real estate lending, where values have fallen 26pc in the past 12 months. RBS and Lloyds are the most "exposed" to the construction and property sector, it added.

Lloyds and RBS, have agreed to insure about �585bn of toxic and other risky assets with the Government. UK taxpayers have already provided �1.2 trillion of support for the financial system and UK banks have raised about �120bn of capital since the beginning of the credit crisis, Moody's said."

"Toxic Debt" --- i.e. LIAR DEBT....

:unsure:

Pah! So what - it's nuffink...... :wacko::wacko::wacko::wacko:

Edited by eric pebble

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Moody's optimistic as ever.Mind you they wouldn't be too popular with their biggest customers if they said how it was really gonna be.

CRE,particularly empty warehosues and empty shops will be near worthless.

W@nkers...

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Eric is there any chance you can trim that friggin' signature? That was about three lines to read over half a dozen "pages".

Also why are UK bank shares rising today?

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Eric is there any chance you can trim that friggin' signature? That was about three lines to read over half a dozen "pages".

Also why are UK bank shares rising today?

Nope.

Read all the links in it - watch the videos. See how we, the taxpayers, are picking up the TRILLIONS tab for GREATEST & MOST MASSIVE FRAUD in HISTORY by the Moneylenders.

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I don't believe there was ever this much debt - I think the bankers are just lining their own desert islands with antiques and gold bought with my bloody money.

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I don't believe there was ever this much debt - I think the bankers are just lining their own desert islands with antiques and gold bought with my bloody money.

They did that ages ago. They're coming back for more now.

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