Jump to content
House Price Crash Forum
BoomBoom

Looks Like Nr Are Going To Collapse....

Recommended Posts

when i saw all those posts on MSE from people with no understanding of shares piling into Northern Rock, I did think, oh no, this means they'll all be taking a bath on it - mind you, I've thought that about seeing people who don't even understand what interest rates are piling into property and that hasn't happened...yet.....

Share this post


Link to post
Share on other sites
Falling share price does not mean NR will collapse.

It's share price could drop to 0 surely, and it could still run....

but it does mean people are losing confidence in it surviving surely?

Share this post


Link to post
Share on other sites
when i saw all those posts on MSE from people with no understanding of shares piling into Northern Rock, I did think, oh no, this means they'll all be taking a bath on it - mind you, I've thought that about seeing people who don't even understand what interest rates are piling into property and that hasn't happened...yet.....

Someone should tell them the site is Money SAVING Expert and they should perhaps go to my site,

www.wheresmy******ingshirtgone.com

Share this post


Link to post
Share on other sites
...like an Ebay auction someone will nip in at the last minute and bag a bargain.... :o:o:o

Buy what at a bargain price though? It really is hard to see anything but a bunch of mortgages that may turn to dust. We all know these guys have been sup-priming it for ages. Even at a huge discount, when rates rise and jobs go, and the people at the bottom start to default? Then it'll creep up the system.

NR is looking a lot like a big, fat CDO. Impossible to price. Maybe we all get to buy it? 200bn dollars worth of Property Ladder? (Maybe Gordo can get round and do them all up?)

Edited by dstars

Share this post


Link to post
Share on other sites
Falling share price does not mean NR will collapse.

It's share price could drop to 0 surely, and it could still run....

No chance. Their brand name is worthless with a mortgage book partly amassed at peak (recent) pricing for a start with dubious terms to get market share.

Then you have the ignomy of being the first bank in living memery to suffer a bank run, a bank run that desperate bankers had to quell by ponying up taxpayers money to stop.

Northern Rock is gone, just a question of what (if anything) shareholders will get.

We will prbably never know how close they were to actually having to turn customers away because they had no money left to give out. That really would have put th cat amongst the pigeons as public would then realise how they have been taken for a ride with their own money being used to inflate their own cost of living and debase their wages and savings.

Share this post


Link to post
Share on other sites

You only think northern rock is worth so little, they'll get the changing rooms guys together with sarah beeny to lay laminate all through its offices and flip it for twice what you actually think its worth.

krusty will get a first time bank buyer through the door no doubt.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 355 The Prime Minister stated that there were three Brexit options available to the UK:

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.