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House Price Crash Forum

Second Bank Bail Out Looming Already


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b0rk, I wonder if there is a simple explanation for why they have not pushed for full disclosure. If the numbers are so bad that if they were made public it would cause a panic much greater than what we've seen. For example if we knew the government would likely have to bail out 2 trillion pounds worth over the next few years, it would cause a severe drop in the value of the pound.

My feeling is the numbers are unimaginably bad, like their real derivatives exposure. And how huge their losses will be once mass foreclosures start in the UK as the house price falls.

3 trillion next year.

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