brianc_li Posted March 31, 2011 Report Share Posted March 31, 2011 It can't be a coincidence that this news is breaking on the same day as results of the revised bank stress tests are due to be published. I feel that a run on CAM, similar to that on Northern Rock, is on the cards. Even without one the news is worrying. CAM were in advanced merger discussions with three other cajas. These have fallen apart. I can only assume that the other cajas looked at Cam's books and shied away from the deal. This also leaves the government/BoS strategy of merging the smaller cajas into larger more sustainable businesses in disarray. Hold tight, it could be a bumpy ride. CAM in trouble Quote Link to post Share on other sites
TheCountOfNowhere Posted March 31, 2011 Report Share Posted March 31, 2011 It can't be a coincidence that this news is breaking on the same day as results of the revised bank stress tests are due to be published. I feel that a run on CAM, similar to that on Northern Rock, is on the cards. Even without one the news is worrying. CAM were in advanced merger discussions with three other cajas. These have fallen apart. I can only assume that the other cajas looked at Cam's books and shied away from the deal. This also leaves the government/BoS strategy of merging the smaller cajas into larger more sustainable businesses in disarray. Hold tight, it could be a bumpy ride. CAM in trouble Good-o...We've not had a good collapse for a few months. We need another one here to kick start the collapse. Quote Link to post Share on other sites
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