hedi Posted August 5, 2008 Share Posted August 5, 2008 anyone any ideas. Quote Link to comment Share on other sites More sharing options...
Guest Shedfish Posted August 5, 2008 Share Posted August 5, 2008 i reckon it's either: 1) Strung fundamentals underpin the UK banking sector, and now is a great entry point for those in it for the long term 2) Shorts being covered 3) The world has gone totally insane Quote Link to comment Share on other sites More sharing options...
hedi Posted August 5, 2008 Author Share Posted August 5, 2008 my monies on 3) Quote Link to comment Share on other sites More sharing options...
right_freds_dead Posted August 5, 2008 Share Posted August 5, 2008 they think its all over. Quote Link to comment Share on other sites More sharing options...
A.steve Posted August 5, 2008 Share Posted August 5, 2008 anyone any ideas. Government pushed more money into Northern Rock (£3bn) which eases the pressure of over-supply of mortgage backed securities onto the markets... This, in turn, will buoy the value of the existing mortgage backed securities on the balance sheets of banks... hence reducing insolvency risks for them. All the banks are up - and (by rack of eye) the percentage gains are proportional to their approximate exposure to UK mortgages. Quote Link to comment Share on other sites More sharing options...
Guest sillybear2 Posted August 5, 2008 Share Posted August 5, 2008 anyone any ideas. People are finally relieved to find out where all the toxic shit is located, it's at Northern Rock Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted August 5, 2008 Share Posted August 5, 2008 The BoE secretly buying shares in banks to prop up the market. Obviously I can't prove this as it's being done in secret. Quote Link to comment Share on other sites More sharing options...
wheresitgone Posted August 5, 2008 Share Posted August 5, 2008 (edited) Wish I'd bought the shares offered in the rights issue now. I have to say that I wondered if they were deliberately being kept low so that there were few takers. I have a deep mistrust of big financial institutions and government so expect we'll see incomprehensible actions from both. Edited August 5, 2008 by wheresitgone Quote Link to comment Share on other sites More sharing options...
InternationalRockSuperstar Posted August 5, 2008 Share Posted August 5, 2008 The BoE secretly buying shares in banks to prop up the market.Obviously I can't prove this as it's being done in secret. That would be my guess also. Quote Link to comment Share on other sites More sharing options...
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