petetong Posted March 17, 2008 Share Posted March 17, 2008 BOE are to make a further £5 billion available to banks, because of lack of liquidity in markets at the moment. On BBC News now. Quote Link to comment Share on other sites More sharing options...
insidetrack Posted March 17, 2008 Share Posted March 17, 2008 A&L down over 10% today! I think they may be next to be pushed out of the balloon. Quote Link to comment Share on other sites More sharing options...
Gone baby gone Posted March 17, 2008 Share Posted March 17, 2008 £5Bn - that sort everything out. Until next week... Quote Link to comment Share on other sites More sharing options...
R K Posted March 17, 2008 Share Posted March 17, 2008 The only thing falling faster than USD right now is Sterling. From 2.0400 Friday to 2.0100 just now. Quote Link to comment Share on other sites More sharing options...
eric pebble Posted March 17, 2008 Share Posted March 17, 2008 (edited) BOE are to make a further £5 billion available to banks, because of lack of liquidity in markets at the moment. On BBC News now. This is all so futile --- the bankers are getting their just-deserts after years and years of greed and dishonesty..... Edited March 17, 2008 by eric pebble Quote Link to comment Share on other sites More sharing options...
jcpricewatcher Posted March 17, 2008 Share Posted March 17, 2008 £5Bn - that sort everything out.Until next week... It'd sort me out... Might be able to buy a nice house (or two)... So long as I didn't have to pay it back.. lol. Quote Link to comment Share on other sites More sharing options...
sambino Posted March 17, 2008 Share Posted March 17, 2008 Looks like its going to be a long week and its only 4 days!!! Anyone thing next Tuesday could be a key day as people will have the long weekend to think about things ? Quote Link to comment Share on other sites More sharing options...
Not Long Now Posted March 17, 2008 Share Posted March 17, 2008 BOE are to make a further £5 billion available to banks, because of lack of liquidity in markets at the moment. On BBC News now. They really are a bunch of kill joys aren't they. Quote Link to comment Share on other sites More sharing options...
grey shark Posted March 17, 2008 Share Posted March 17, 2008 A&L down over 10% today! I think they may be next to be pushed out of the balloon. HBOS (LSE:HBOS.L) Last Trade: 468.00 p Change: 60.00 (11.36%) Prev Close: 528.00 Open: 495.00 Bid: 467.25 Ask: 468.25 HBOS now down over 11% it's a race to the bottom Quote Link to comment Share on other sites More sharing options...
Minos Posted March 17, 2008 Share Posted March 17, 2008 Looks like its going to be a long week and its only 4 days!!! Anyone thing next Tuesday could be a key day as people will have the long weekend to think about things ? I think someone should pin seven threads called Black Monday, Black Tuesday etc. It would save time. Quote Link to comment Share on other sites More sharing options...
bobthe~ Posted March 17, 2008 Share Posted March 17, 2008 HBOS (LSE:HBOS.L) Last Trade: 468.00 p Change: 60.00 (11.36%) Prev Close: 528.00 Open: 495.00 Bid: 467.25 Ask: 468.25 HBOS now down over 11% it's a race to the bottom Time to move savings out of banks and into NSandI? I am also having a problem with taking advantage of sterling's slide by not being able to trust the institution that holds my Swissies. It's a dilemma. Quote Link to comment Share on other sites More sharing options...
grey shark Posted March 17, 2008 Share Posted March 17, 2008 Time to move savings out of banks and into NSandI?I am also having a problem with taking advantage of sterling's slide by not being able to trust the institution that holds my Swissies. It's a dilemma. NSI is my biggest holding , you can buy both index linked issues many many times over in the form of trusts even using your kids names , tax free , only need to hold for 12 months to get the growth , safest place in the UK . Quote Link to comment Share on other sites More sharing options...
Not Long Now Posted March 17, 2008 Share Posted March 17, 2008 Questions for someone in the know: The Bank is injecting £5 billion into credit markets. How do we know (if this is possible to find out) WHO is exactly taking advantage of this money? I believe the auction takes place in an hour or so... Someone correct me if i'm wrong: after Northern Rock The Bank keeps it quiet where is provides funding to a financial institution as a lender of last resort, in order to prevent a run on the bank in question. Could this be exascerbating the credit problem? Banks aren't lending to each other because they are unsure if they will get their money back. Surely being more transparent over which banks are experiencing problems would indicate which ones to avoid, therefore freeing up credit markets eleswhere? ie HBOS, A&L and Barclays currently arent lending to each other. If we know that A&L are in real trouble (because) they have taken emergency fuding from The Bank, HBOS and Barclays might be more comfortable lending to each other. Perhaps this is a gross over simplification, but surely makes a degree of sense? Quote Link to comment Share on other sites More sharing options...
bobthe~ Posted March 17, 2008 Share Posted March 17, 2008 (edited) Questions for someone in the know:The Bank is injecting £5 billion into credit markets. How do we know (if this is possible to find out) WHO is exactly taking advantage of this money? I believe the auction takes place in an hour or so... Someone correct me if i'm wrong: after Northern Rock The Bank keeps it quiet where is provides funding to a financial institution as a lender of last resort, in order to prevent a run on the bank in question. Could this be exascerbating the credit problem? Banks aren't lending to each other because they are unsure if they will get their money back. Surely being more transparent over which banks are experiencing problems would indicate which ones to avoid, therefore freeing up credit markets eleswhere? ie HBOS, A&L and Barclays currently arent lending to each other. If we know that A&L are in real trouble (because) they have taken emergency fuding from The Bank, HBOS and Barclays might be more comfortable lending to each other. Perhaps this is a gross over simplification, but surely makes a degree of sense? A little, but then again, if you found out the bank you had your savings in was going to the BoE, what would you do? Same as me and everyone else I reckon. Sorry, edit to add: If that were the case, the banks would then not turn up for fear of starting a run on their funds. Edited March 17, 2008 by bobthe~ Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted March 17, 2008 Share Posted March 17, 2008 Questions for someone in the know:The Bank is injecting £5 billion into credit markets. How do we know (if this is possible to find out) WHO is exactly taking advantage of this money? I believe the auction takes place in an hour or so... Someone correct me if i'm wrong: after Northern Rock The Bank keeps it quiet where is provides funding to a financial institution as a lender of last resort, in order to prevent a run on the bank in question. Could this be exascerbating the credit problem? Banks aren't lending to each other because they are unsure if they will get their money back. Surely being more transparent over which banks are experiencing problems would indicate which ones to avoid, therefore freeing up credit markets eleswhere? ie HBOS, A&L and Barclays currently arent lending to each other. If we know that A&L are in real trouble (because) they have taken emergency fuding from The Bank, HBOS and Barclays might be more comfortable lending to each other. Perhaps this is a gross over simplification, but surely makes a degree of sense? How do you know that A&L have taken funding from the Bank - thought it was kept secret. Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted March 17, 2008 Share Posted March 17, 2008 According to hotairmail post earlier, Barclays investment MAY have lost about a Billion in the Bear stearns issue. Thats a lot to loose over the weekend, even with wine at £1000 a bottle. Quote Link to comment Share on other sites More sharing options...
grey shark Posted March 17, 2008 Share Posted March 17, 2008 The Bank is injecting £5 billion into credit markets. 5 billion is nothing , they gave NR 100 bill over 4/5 months that didn't work . Injecting 5 billion in , is similar to like giving a alcoholic tramp a tenner , he then goes and buys his daily bottle of scotch , but the next day that tenners gone and he needs more cash to keep himself going , the system like the tramp is busted . Quote Link to comment Share on other sites More sharing options...
@contradevian Posted March 17, 2008 Share Posted March 17, 2008 5 billion is nothing , they gave NR 100 bill over 4/5 months that didn't work . Yeh its not even the total amount of bonuses the banks paid themselves during their 10 year "party." Quote Link to comment Share on other sites More sharing options...
dubsie Posted March 17, 2008 Share Posted March 17, 2008 When they inject this money do we really get it back and do we get interest back with it? Quote Link to comment Share on other sites More sharing options...
Willy Weasel Posted March 17, 2008 Share Posted March 17, 2008 Apparently (according to the BEEB) the funds were 5 times oversubscribed Quote Link to comment Share on other sites More sharing options...
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