azogar Posted September 17, 2008 Share Posted September 17, 2008 (edited) 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? merging with lloyds - no doubt pushed into to it by boe / fsa (allegedly!) edit - typo 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 It's all ok Lloyds are going to buy HBOS. Price has jumped from -50% to +4%/ Quote Link to comment Share on other sites More sharing options...
azogar Posted September 17, 2008 Share Posted September 17, 2008 It's all ok Lloyds are going to buy HBOS. Price has jumped from -50% to +4%/ http://www.bbc.co.uk/blogs/thereporters/ro...o_buy_hbos.html so the big 5 is down to 4, where does it end? one super bank!? HSBC look strong though with their big Asian base Quote Link to comment Share on other sites More sharing options...
blofield Posted September 17, 2008 Author 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 confirmed Ha...city might have rich arabs.....we have trigger-happy yanks Quote Link to comment Share on other sites More sharing options...
azogar Posted September 17, 2008 Share Posted September 17, 2008 confirmedHa...city might have rich arabs.....we have trigger-happy yanks Quote Link to comment Share on other sites More sharing options...
azogar Posted September 17, 2008 Share Posted September 17, 2008 interesting development on how the hbos shotgun marriage merger was leaked. I must admit I have never seen volatility in a blue chip share price like that since err northern rock. a lot of short traders must have made/lost £££s today: http://www.housepricecrash.co.uk/forum/ind...showtopic=87600 Quote Link to comment Share on other sites More sharing options...
Malthus Posted September 17, 2008 Share Posted September 17, 2008 interesting development on how the hbos shotgun marriage merger was leaked.I must admit I have never seen volatility in a blue chip share price like that since err northern rock. a lot of short traders must have made/lost £££s today: http://www.housepricecrash.co.uk/forum/ind...showtopic=87600 It will be interesting to see what the EU has to say about the planned changes to competition rules that are being planned to allow the merger / take over to take place . Meanwhile it's carnage on the other side of the pond , the rest of the week is going to be very very interesting http://www.bloomberg.com/apps/news?pid=206...&refer=home Quote Link to comment Share on other sites More sharing options...
paul65 Posted September 17, 2008 Share Posted September 17, 2008 ... it's carnage on the other side of the pond , the rest of the week is going to be very very interesting http://www.bloomberg.com/apps/news?pid=206...&refer=home It sure is carnage check out the BBC "The Financial Bubble has Burst" The US markets have fallen for a third day despite the news that the US Federal Reserve has agreed a rescue package for insurance company AIG.Economist and United Nations special advisor Jeffrey Sachs says a ''serious recession'' in the US could be on the cards. Quote Link to comment Share on other sites More sharing options...
azogar Posted September 18, 2008 Share Posted September 18, 2008 (edited) ta Green bear on t'other site edit (Green Bear): http://dynamic.rte.ie/av/230-2424168-320-180.smil [realplayer required] http://www.thepropertypin.com/viewtopic.php?f=19&t=13476 Listen to this radio phone in show to catch the mood - http://dynamic.rte.ie/quickaxs/209-rte-liveline.smil [realplayer required] Edited September 18, 2008 by prophet-profit Quote Link to comment Share on other sites More sharing options...
S S Posted September 18, 2008 Share Posted September 18, 2008 http://dynamic.rte.ie/av/230-2424168-320-180.smilta Green bear on t'other site edit (Green Bear): I would post this is the Ireland section, but I thought it might interest you here. (not sure what the situation is in Britain) There is a developing crisis of confidence in Irish banks on the ground and it is nationwide, whereby people are pro-actively moving their money from Irish banks, building societies & even credit unions to safe locations such as the Post office, Northern Rock, Rabobank and even Gold. http://dynamic.rte.ie/av/230-2424168-320-180.smil [realplayer required] This is a dangerous situation because it could lead to not one, but several runs on banks, especially as rumours (often with no basis) about the financial health of certain banks and building societies and even credit unions are spread in a Chinese whispers like manner. The message coming from politicians and regulators is "Irish banks are no exposed to subprime and are well capitalised, there is no problem". Few people believe them in light of events with Lehmans, Merrill Lyich, and HBOS. Thepropertypin has had to put out an announcement to squash the rumours that keep popping up like mushrooms - http://www.thepropertypin.com/viewtopic.php?f=19&t=13476 Listen to this radio phone in show to catch the mood - http://dynamic.rte.ie/quickaxs/209-rte-liveline.smil [realplayer required] When all is said and done about the property market. I for one am glad I own my home unencumbered. I wouldn't trust any financial institution at the moment. As for what the average price of a house is or is going to be. You'll be financing very little for a lot more in the future, any savings in house prices will be eaten up by expensive finance. Quote Link to comment Share on other sites More sharing options...
shipbuilder Posted September 18, 2008 Share Posted September 18, 2008 As for what the average price of a house is or is going to be. You'll be financing very little for a lot more in the future, any savings in house prices will be eaten up by expensive finance. That's true, although interest rates are variable whilst debt isn't. Quote Link to comment Share on other sites More sharing options...
Traktion Posted September 19, 2008 Share Posted September 19, 2008 That's true, although interest rates are variable whilst debt isn't. Exactly! People who have bought over the last few years will not only have a huge loan, but the same expensive rates too. Unless they have very long fixed periods, there will be a lot of pain for these overstretched individuals ,in the coming years... I suppose the main thing to learn is: you should borrow as little as possible and consider that interest/charges may change for the worst. Quote Link to comment Share on other sites More sharing options...
blofield Posted September 19, 2008 Author Share Posted September 19, 2008 (edited) When all is said and done about the property market. I for one am glad I own my home unencumbered. I wouldn't trust any financial institution at the moment.As for what the average price of a house is or is going to be. You'll be financing very little for a lot more in the future, any savings in house prices will be eaten up by expensive finance. That depends where you have been putting your money in the meantime. My target is that the average house will be purchased with 100oz of gold Edited September 19, 2008 by blofield Quote Link to comment Share on other sites More sharing options...
Ballyk Posted December 13, 2008 Share Posted December 13, 2008 Steady as she goes... The share price collapse at Anglo Irish Bank appears to mark end of the road 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...
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