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Lloyds Bosses Buy Shares As Markets Slump

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http://www.telegraph.co.uk/finance/markets/marketreport/8684982/Lloyds-bosses-buy-shares-as-markets-slump.html

Lloyds Banking Group directors took advantage of the market correction by buying shares in the taxpayer-backed bank.

Yesterday, Lloyds disclosed that City grandee Sir Win Bischoff, chairman of Lloyds, snapped up 200,000 shares at a price of 32.1p.

António Horta-Osório, the bank's new Portuguese boss, and his wife Ana Cristina, got the best price, paying 31p for 200,000 shares.

Other non-executive directors to buy Lloyds shares included Glen Moreno, who is also chairman of Pearson, and Tony Watson. Mr Moreno acquired American Deposit Receipts at $2.2 a receipt while Mr Watson splashed out on 50,000 shares at price of 32.8p each.

Bagged themselves a bargain???

Considering the current market there is a major risk both RBS and Lloyds will simply be nationalised.

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http://www.telegraph.co.uk/finance/markets/marketreport/8684982/Lloyds-bosses-buy-shares-as-markets-slump.html

Bagged themselves a bargain???

Considering the current market there is a major risk both RBS and Lloyds will simply be nationalised.

Didn't something like this happen last time? Clever bankers bagging a bargain which turned out be not so much? HBOS? RBS?

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Wasn't there an 'issue' with the wives of bankers in the States using essentially zero interest loans from TARP (have I got the right bailout?) to purchase shares.

I wonder how much of the 'risk' in this case has been purchased using some other bugger's money?

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Wasn't there an 'issue' with the wives of bankers in the States using essentially zero interest loans from TARP (have I got the right bailout?) to purchase shares.

I wonder how much of the 'risk' in this case has been purchased using some other bugger's money?

http://www.rollingstone.com/politics/news/the-real-housewives-of-wall-street-look-whos-cashing-in-on-the-bailout-20110411?print=true

It's hard to imagine a pair of people you would less want to hand a giant welfare check to — yet that's exactly what the Fed did. Just two months before the Macks bought their fancy carriage house in Manhattan, Christy and her pal Susan launched their investment initiative called Waterfall TALF. Neither seems to have any experience whatsoever in finance, beyond Susan's penchant for dabbling in thoroughbred racehorses. But with an upfront investment of $15 million, they quickly received $220 million in cash from the Fed, most of which they used to purchase student loans and commercial mortgages. The loans were set up so that Christy and Susan would keep 100 percent of any gains on the deals, while the Fed and the Treasury (read: the taxpayer) would eat 90 percent of the losses. Given out as part of a bailout program ostensibly designed to help ordinary people by kick-starting consumer lending, the deals were a classic heads-I-win, tails-you-lose investment.

You mean this little gem?

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I expect they're convinced that everything will be fine and that they personally will make money because they always have.

They may stamp "past performance is no guarantee of future results" on their "products", but they don't believe this applies to them. (Like so many other things, come to that.)

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  • 338 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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