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Realistbear

Bradford And Bingley

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BRADFORD & BINGLEY (LSE:BB.L)

Last Trade: 192.75 p

Trade Time: 8:09AM

Change: 11.86 (5.80%)

Prev Close: 204.61

Open: 196.00

Bid: 192.25

Ask: 194.75

1y Target Est: 209.14p

Rumours have been circulating that they are another NR waiting to go down. With secrecy now in play with regard to bailouts it is difficult to know unless there is a whistle-blower willing to warn the public that deals are being done "privately" to avoid giving shareholder the true position.

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I'm quite surprised we haven't seen more British banks collapse, particularly the "specialist" Buy-To-Let brigade.

Saying that, if there are more Northern Rocks around, they will probably be bailed out undercover,very much in the way the secondary banking crisis was handled in the 70's, it doesn't do the country any good to see it's banks collapsing.

("Specialist" is one of those nice British euphemisms to describe lending excessive sums of money to people without the means to repay the debt.

There are far better terms for these types of facilities, "Liar Loans" or just plain "Fraud" might be better).

Where's Eric?

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I'm quite surprised we haven't seen more British banks collapse, particularly the "specialist" Buy-To-Let brigade.

Saying that, if there are more Northern Rocks around, they will probably be bailed out undercover,very much in the way the secondary banking crisis was handled in the 70's, it doesn't do the country any good to see it's banks collapsing.

("Specialist" is one of those nice British euphemisms to describe lending excessive sums of money to people without the means to repay the debt.

There are far better terms for these types of facilities, "Liar Loans" or just plain "Fraud" might be better).

Where's Eric?

To do it on the quiet, the BoE will have to start doing it "off balance sheet" themselves. I'll keep a close eye on the Bank Return.

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There must be a very strong rumour, I thinik all banks and the pound are falling. Actually the whole market is falling.

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My parents (pensioners) have a their savngs with B&B. I've been warning them for the last few months about B&B's problems but they've done nothing about it.

What action should my parents take? Transfers funds? To where? To what? If your parents were in this sitaution how would you advise them?

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My parents (pensioners) have a their savngs with B&B. I've been warning them for the last few months about B&B's problems but they've done nothing about it.

What action should my parents take? Transfers funds? To where? To what? If your parents were in this sitaution how would you advise them?

As the man on BBC breakfast said: Split it up so the risk is spread.

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Perhaps this is why King,Gieve and Lomax cancelled their planned trips this week.

Weekend bailout a la Bear Sterns coming up? All sorted by Monday night?

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Guest mSparks

Ex dividend today nothing to see here move along

Edited by mSparks

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My parents (pensioners) have a their savngs with B&B. I've been warning them for the last few months about B&B's problems but they've done nothing about it.

What action should my parents take? Transfers funds? To where? To what? If your parents were in this sitaution how would you advise them?

Mine has theirs in NR and I warned them before it went down. If you can persuade them to put them in the safe havens of the building societies. My mother has now switched to Britannia, Chelsea and C&G (ok owned by LLoyds but they seem to be less exposed to all the shenanigans).

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  • 295 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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