blofield Posted September 15, 2008 Share Posted September 15, 2008 (edited) Someone once told me....i cant remember who....mmmm His rules of panic were 1)dont panic 2)panic first Simple rules.....next bank (other than HBOS) to go gets this edit: read the questions Edited September 15, 2008 by blofield Quote Link to comment Share on other sites More sharing options...
pootle Posted September 15, 2008 Share Posted September 15, 2008 (edited) Q: May I a make a deposit on the transaction with viable sperm? This can be collateralized at the FED as of today, thank you.A: wrong bank Q: If you end the auction early I will refinance my house and pull out my equity to pay you cash. Then I will just foreclose on my house so I don't have to pay anything for it.A: Your application for COO is being currently considered Edited September 15, 2008 by crash_bang_wallop Quote Link to comment Share on other sites More sharing options...
azogar Posted September 15, 2008 Share Posted September 15, 2008 very good questions / answers are we allowed insurer's because my punt is aig http://finance.yahoo.com/q?s=aig any man u fans here, cos yer new kit might be changing again Quote Link to comment Share on other sites More sharing options...
Malthus Posted September 15, 2008 Share Posted September 15, 2008 very good questions / answers are we allowed insurer's because my punt is aig http://finance.yahoo.com/q?s=aig any man u fans here, cos yer new kit might be changing again i raised this with a mate who supports the second manchester team , he was confident that AIG pay for the years sponsorship upfront . Quote Link to comment Share on other sites More sharing options...
blofield Posted September 15, 2008 Author Share Posted September 15, 2008 any man u fans here, cos yer new kit might be changing again yes. feck oh and yes to your other question.... anything in the financial sector. howzat Quote Link to comment Share on other sites More sharing options...
azogar Posted September 15, 2008 Share Posted September 15, 2008 http://finance.yahoo.com/echarts?s=AIG#symbol=AIG;range=1d use this as the soundtrack: http://www.youtube.com/watch?v=XXUgtEe99ZY Quote Link to comment Share on other sites More sharing options...
Guest vicmac64 Posted September 15, 2008 Share Posted September 15, 2008 I am told that BOI s loan book is 70% property (Commercial and Residential UK & Ireland). Don't know how accurate this is but if it is??? Someone once told me....i cant remember who....mmmmHis rules of panic were 1)dont panic 2)panic first Simple rules.....next bank (other than HBOS) to go gets this edit: read the questions Quote Link to comment Share on other sites More sharing options...
Ulidia Posted September 15, 2008 Share Posted September 15, 2008 I am told that BOI s loan book is 70% property (Commercial and Residential UK & Ireland). Don't know how accurate this is but if it is??? I would assume that the Anglo-Irish loan book has a higher property ratio than any of the other Irish banks and I'd say it is higher than 70%. I could be totally wrong on these assumptions but commercial and property development lending was basically the only thing that Anglo-Irish concentrated on over recent years ..... and, for some years, it seemed to be an incredible success story as they ate significantly into the market share of the most established Irish banks and saw their share price increase dramatically. Quote Link to comment Share on other sites More sharing options...
nemesis Posted September 15, 2008 Share Posted September 15, 2008 I would assume that the Anglo-Irish loan book has a higher property ratio than any of the other Irish banks and I'd say it is higher than 70%. I could be totally wrong on these assumptions but commercial and property development lending was basically the only thing that Anglo-Irish concentrated on over recent years ..... and, for some years, it seemed to be an incredible success story as they ate significantly into the market share of the most established Irish banks and saw their share price increase dramatically. I hear the unmistakable sound of chickens coming home to roost! Perhaps the prudent saver might need to think about a withdrawal. Quote Link to comment Share on other sites More sharing options...
blofield Posted September 15, 2008 Author Share Posted September 15, 2008 next Quote Link to comment Share on other sites More sharing options...
blofield Posted September 15, 2008 Author Share Posted September 15, 2008 I hear the unmistakable sound of chickens coming home to roost! Perhaps the prudent saver might need to think about a withdrawal. mmm....could be the unmistakable sound of the return to real money. i know some of you clever clogs are accumulating Quote Link to comment Share on other sites More sharing options...
md23040 Posted September 16, 2008 Share Posted September 16, 2008 None of the Irish banks have marked to market the true value of any loans taken out by any developers over the last 36 months. The terms of these loans allow interest to continue to accrue on the debt until such time as the asset or house is sold and then full debt is repaid. As the market has been dormant for at least 18 months the month on month interest has been buildings but the banks are being extremely remiss in not declaring fully the correct valuation of assets held to liabilities. The loans by legal definition are not delinquent since developers are under no obligation to repay these presently. Considering it’s a post Enron corporate environment this game of bluff played by banks and developers hoping the property market improves is extremely dangerous. Anderson accounting went to the wall over such forays and many Irish auditors are in deep consultation with their banking clients to agree what should be included or disclosed in the next round of audits. Remember if a bank goes under depositor losses any saving over £35,000 whilst any borrower owes all their debt in full regardless. For the integrity of the system, banks must declare in full, which they have not yet done. The risk associated to its savers is very unfair and in my opinion the Central bank should be intervening. The safest bank in the globe has to be North Rock now that its nationalised and guarantees all saving to investors whether based inside or outside the UK. There are two banks in Ireland in big trouble if stalemates continues, both were previously nationalised run entities. The grim talk at the Irish government think tank conference seems to suggest they are aware of what is going to happen and have warned its citizens to expect tough times ahead. Ireland can not afford a bail out but I’m not fully sure of the situation with intervention from the EU now that Ireland is part of the Euro zone. Quote Link to comment Share on other sites More sharing options...
md23040 Posted September 16, 2008 Share Posted September 16, 2008 A complicated way to explain subprime and its likely fallout - http://en.wikipedia.org/wiki/Image:Subprime_diagram.png - - - - - - - - - An easy way or idiots guide to explain how it happened and the likely outcomes by slide show - http://www.tax123.ie/blog/subprime_primer Quote Link to comment Share on other sites More sharing options...
sophia Posted September 16, 2008 Share Posted September 16, 2008 An easy way or idiots guide to explain how it happened and the likely outcomes by slide show -http://www.tax123.ie/blog/subprime_primer loved the stick men MD! Quote Link to comment Share on other sites More sharing options...
Rock-n-Roll Posted September 16, 2008 Share Posted September 16, 2008 None of the Irish banks have marked to market the true value of any loans taken out by any developers over the last 36 months. The terms of these loans allow interest to continue to accrue on the debt until such time as the asset or house is sold and then full debt is repaid. As the market has been dormant for at least 18 months the month on month interest has been buildings but the banks are being extremely remiss in not declaring fully the correct valuation of assets held to liabilities. The loans by legal definition are not delinquent since developers are under no obligation to repay these presently.Considering it’s a post Enron corporate environment this game of bluff played by banks and developers hoping the property market improves is extremely dangerous. Anderson accounting went to the wall over such forays and many Irish auditors are in deep consultation with their banking clients to agree what should be included or disclosed in the next round of audits. Remember if a bank goes under depositor losses any saving over £35,000 whilst any borrower owes all their debt in full regardless. For the integrity of the system, banks must declare in full, which they have not yet done. The risk associated to its savers is very unfair and in my opinion the Central bank should be intervening. The safest bank in the globe has to be North Rock now that its nationalised and guarantees all saving to investors whether based inside or outside the UK. There are two banks in Ireland in big trouble if stalemates continues, both were previously nationalised run entities. The grim talk at the Irish government think tank conference seems to suggest they are aware of what is going to happen and have warned its citizens to expect tough times ahead. Ireland can not afford a bail out but I’m not fully sure of the situation with intervention from the EU now that Ireland is part of the Euro zone. hey MD you gone ultra bear? on the credit guarantee scheme if i remember correctly at northern crock time if it had went bust there would have been something in excess of 10 billon required to pay the creditors trouble was there was only 4 billon odd in the fund! dont know how much is in it now but would suspect not nearly enough to cover one of the big beasts going down also no guarantee as to when you recieve your money back time to head down northen crock way? rock on! Quote Link to comment Share on other sites More sharing options...
azogar Posted September 16, 2008 Share Posted September 16, 2008 wohaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa anyone watching HBOS at the mo! Quote Link to comment Share on other sites More sharing options...
azogar Posted September 16, 2008 Share Posted September 16, 2008 http://uk.finance.yahoo.com/losers?e=ftse Quote Link to comment Share on other sites More sharing options...
Malthus Posted September 16, 2008 Share Posted September 16, 2008 (edited) wohaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaanyone watching HBOS at the mo! big trouble , might have to rely on the Nationwide survey soon . be very interesting when New York market opens . Edited September 16, 2008 by Malthus Quote Link to comment Share on other sites More sharing options...
subby Posted September 16, 2008 Share Posted September 16, 2008 ha ha LOVED the stick men MD Quote Link to comment Share on other sites More sharing options...
azogar Posted September 17, 2008 Share Posted September 17, 2008 i raised this with a mate who supports the second manchester team , he was confident that AIG pay for the years sponsorship upfront . It's OK guys, Man U's new sponsor is the Federal Reserve! Perhaps West Ham can get the Bank of England to sponsor them given XL have flown out the window Quote Link to comment Share on other sites More sharing options...
Malthus Posted September 17, 2008 Share Posted September 17, 2008 It's OK guys, Man U's new sponsor is the Federal Reserve!Perhaps West Ham can get the Bank of England to sponsor them given XL have flown out the window could be a conflict of interests as they already sponsor Newcastle United Quote Link to comment Share on other sites More sharing options...
Ballyk Posted September 17, 2008 Share Posted September 17, 2008 Put me down for the AIBs: Anglo Irish Bank and Allied Irish Bank (in that order) Quote Link to comment Share on other sites More sharing options...
azogar Posted September 17, 2008 Share Posted September 17, 2008 could be a conflict of interests as they already sponsor Newcastle United good one! - I forgot about that Quote Link to comment Share on other sites More sharing options...
azogar Posted September 17, 2008 Share Posted September 17, 2008 (edited) big trouble , might have to rely on the Nationwide survey soon .be very interesting when New York market opens . game on again http://uk.finance.yahoo.com/q?s=HBOS.L edit - rallying edit 2 - or maybe not this is why day trading shares is so risky - you need balls of steel (and a big wallet) mugs game Edited September 17, 2008 by prophet-profit Quote Link to comment Share on other sites More sharing options...
Belfast Boy Posted September 17, 2008 Share Posted September 17, 2008 HBOS down 40% again. Is HBOS going to join Northern Crock? Too big to fail, but are they too big to save? Are we having our Fanny & Freddie moment? Quote Link to comment Share on other sites More sharing options...
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