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Having watched tv here and aboard, In the States most business men think the worst is over and banks will shortly start making money. Now, If Banks and other business shed jobs won't it make the economy down the line even worst? Most of these folks will have Mortgages wont they? Plus make them spend less money in the high street?

Hence worst not over :unsure: Plus dragging non sub prime into foreclosure.

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In the States most business men think the worst is over

I don't see that myself- with all the bad news in the last week I think the idea that the 'worst is over' has gone out of fashion a bit lately.

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Having watched tv here and aboard, In the States most business men think the worst is over and banks will shortly start making money. Now, If Banks and other business shed jobs won't it make the economy down the line even worst? Most of these folks will have Mortgages wont they? Plus make them spend less money in the high street?

Hence worst not over :unsure: Plus dragging non sub prime into foreclosure.

Its just starting , our subprime is about to start coming out of the wood work, mortgages are being reset 2-3% higher than present. repos are rising, nothing is selling , the shops are empty the restraunts are empty, new car sales are down, everyone is starting to wake up , be nice if it was over but it is just beginning.

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I have a problem understanding why banks are buying other banks.

Example (Pre Santander offer) - A&L were looking to raise capital, stockprice was falling, only a matter of time before rights issue's kicked in. Very few new morgages being taken. A&L will be insolvent / bankrupt when UK subprime calls for more rightdowns.

So why does Santander agree to pay good money for all this pending debt, I don't get it?

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I have a problem understanding why banks are buying other banks.

Example (Pre Santander offer) - A&L were looking to raise capital, stockprice was falling, only a matter of time before rights issue's kicked in. Very few new morgages being taken. A&L will be insolvent / bankrupt when UK subprime calls for more rightdowns.

So why does Santander agree to pay good money for all this pending debt, I don't get it?

Agreed, another imponderable.

Trying my hardest to come to some logical business decision .... but ......................... ????????????????????

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I have a problem understanding why banks are buying other banks.

Example (Pre Santander offer) - A&L were looking to raise capital, stockprice was falling, only a matter of time before rights issue's kicked in. Very few new morgages being taken. A&L will be insolvent / bankrupt when UK subprime calls for more rightdowns.

So why does Santander agree to pay good money for all this pending debt, I don't get it?

because they usually aren't buying all of the bad debt, or if they are, there are government guarantees in place to cover the high defaults.

like Bear Sterns. JP Morgan got the assets, and all of the risky loans were covered by the gvt.

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because they usually aren't buying all of the bad debt, or if they are, there are government guarantees in place to cover the high defaults.

like Bear Sterns. JP Morgan got the assets, and all of the risky loans were covered by the gvt.

All banking is a con and all bankers are crooks. Don't look for logical business motives behind these deals. Put your most cynical hat on and start thinking about how these deals are just another banking rip off and you will be much closer to figuring them out.

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Guest Steve Cook
Having watched tv here and aboard, In the States most business men think the worst is over and banks will shortly start making money. Now, If Banks and other business shed jobs won't it make the economy down the line even worst? Most of these folks will have Mortgages wont they? Plus make them spend less money in the high street?

Hence worst not over :unsure: Plus dragging non sub prime into foreclosure.

"making" money has been the bleeding problem all along...!

:lol::blink::ph34r:

Well.....that, and the fact we are about to endure a perpetually contracting economy....

You gotta laugh

Edited by Steve Cook

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All banking is a con and all bankers are crooks. Don't look for logical business motives behind these deals. Put your most cynical hat on and start thinking about how these deals are just another banking rip off and you will be much closer to figuring them out.

...........is the RIGHT ANSWER!

Nickolarge, come on down!

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Guest Steve Cook
...........is the RIGHT ANSWER!

Nickolarge, come on down!

ahhh...

you have just given a clue as to your age range there injin....

Gotta be 30+ by virtue of the cultural reference to "the price is right".... ;)

Edited by Steve Cook

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ahhh...

you have just given a clue as to your age range there injin....

Gotta be 30+ by virtue of the cultural reference to "the price is right".... ;)

If you've got the money

I think it would be funny ah ah oh

To take your girl and spend a bit of your cash for me

Cos' then she might be happy

No longer lonely ah ah oh

And I could take her out the next day for pretty much free

Dah dee doo dahdah dee dah doo dah dahdah domdom dada domdom dom dadee dah doo dahdah dom

Spent late nights trying to pick up love, of the floor where the other brothers leave it be

Though it’s stuck hard down like chewing gum well I’ll gurn on the floor singing 'RIP'

Cos the songbirds don't do singing on pavements no sweet melodies the sound of spit

And we spat orbit

Spoke o’ lost hope so too what you toke man choke on it

We be near heaven at a quarter to eleven

By three we are thinking of the love we lost

by four we be high thinking of the girl lost

Second check the odds

Was it worth the cost?

Do you give a toss?

Who are you looking away wondering why you can’t eat

Why you never sleep why you’re drunk all the time and you’re cold in the heat

Cos' what sow man its what you reap

If you’ve got the money money money money mon I think it would be funny ah to take your girl and spend a bit of your cash for me

Cos’’' then she might be happy

No longer lonely ah ah oh

And I could take her out the next day for pretty much free

You always meant to walk out that job you keep stopping

Should tell your girl more often

That lovin' is all about doors unlockin'

Now you’re certain nuff never mind three

With a buddy holly hiccup on the karaoke

Retreatin' on the needle man you just fourth thread

And my great grandaddy fought in Gallipoli

He’s the only of his friends not shot down dead

Lovers all talk in spits and tongues

Fight in the playground bully each other

Double dare kids up pollute their lungs and threaten with the rep of their big boy brother

Some or others say give it up and run away

Momma still wants you home for supper

Work all day for little to no pay

Dance uptown right down to the gutter

Deedom domdee dahdah dah deedom domdee

So move outa the way man

domdee dahdah dah deedom deedom dee

So move outa the way man

domdee dahdah da deedom domdee domdee

Move outa the way man

domdee dahdah dah deedom domdee domdee

If they’ve got money

Edited by Injin

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In the States most business men think the worst is over and banks will shortly start making money.

Now, would they be the same businessmen that knew house prices could only ever go up?

I think we should realise by now that they're as full of it as any other talking head. There are no gurus.

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Guest Steve Cook

If you've got the money

I think it would be funny ah ah oh

To take your girl and spend a bit of your cash for me

Cos' then she might be happy

No longer lonely ah ah oh

And I could take her out the next day for pretty much free

Dah dee doo dahdah dee dah doo dah dahdah domdom dada domdom dom dadee dah doo dahdah dom

Spent late nights trying to pick up love, of the floor where the other brothers leave it be

Though it’s stuck hard down like chewing gum well I’ll gurn on the floor singing 'RIP'

Cos the songbirds don't do singing on pavements no sweet melodies the sound of spit

And we spat orbit

Spoke o’ lost hope so too what you toke man choke on it

We be near heaven at a quarter to eleven

By three we are thinking of the love we lost

by four we be high thinking of the girl lost

Second check the odds

Was it worth the cost?

Do you give a toss?

Who are you looking away wondering why you can’t eat

Why you never sleep why you’re drunk all the time and you’re cold in the heat

Cos' what sow man its what you reap

If you’ve got the money money money money mon I think it would be funny ah to take your girl and spend a bit of your cash for me

Cos’’' then she might be happy

No longer lonely ah ah oh

And I could take her out the next day for pretty much free

You always meant to walk out that job you keep stopping

Should tell your girl more often

That lovin' is all about doors unlockin'

Now you’re certain nuff never mind three

With a buddy holly hiccup on the karaoke

Retreatin' on the needle man you just fourth thread

And my great grandaddy fought in Gallipoli

He’s the only of his friends not shot down dead

Lovers all talk in spits and tongues

Fight in the playground bully each other

Double dare kids up pollute their lungs and threaten with the rep of their big boy brother

Some or others say give it up and run away

Momma still wants you home for supper

Work all day for little to no pay

Dance uptown right down to the gutter

Deedom domdee dahdah dah deedom domdee

So move outa the way man

domdee dahdah dah deedom deedom dee

So move outa the way man

domdee dahdah da deedom domdee domdee

Move outa the way man

domdee dahdah dah deedom domdee domdee

If they’ve got money

:lol:

okay..maybe a decade or so out there

cracking song...

Edited by Steve Cook

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  • 395 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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