Wednesday, March 19, 2008

Halafix in a Fix, is it the next Northern Crock?

FSA to launch probe as rumours hit UK banks

"We will not tolerate market participants taking advantage of the current market conditions to commit abuse by spreading false rumours and dealing on the back of them." The FSA and BOE are the only ones allowed to commit these abuses!

Posted by lloyd @ 02:00 PM (979 views)
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8 thoughts on “Halafix in a Fix, is it the next Northern Crock?

  • crash bandicoot says:

    Why are they so bothered with the market being talked down when it has been talked up for years?

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  • stillthinking says:

    The continual implication being at every point that loans are from deposits.

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  • Must be True then !

    Anyway ; enough of this ‘pretend to be decent’ syndrome from the FSA. Who’s protecting my pension ?

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  • Greytornado says:

    Back in the old days when Building Societies were just that, Halifax was the largest by a big margin, followed by Abbey National and with The Co-operative Permanent (name later changed to Nationwide), in third place. HMG are going to have to print an awful lot of money if the rumour has any foundation.

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  • Too true, plato, in answer to your question….no-one. You are a disposable asset, as we all are to these financial “brains” and governing plutocrats. Where is Monty Python and “The Crimson Permanent Assurance”, sailing the accountant sea, destroying the new face of corporate finance, when you need them.

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  • bystander

    Of course you are absolutely correct — a shame the FSA and the rest don’t share your honour and integrity.

    Actually that article is so overflowing with denials and full of bravado. ‘Worried’ is probably an understatement They must be seriously in need of new underwear. I can smell them from here.

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  • Never believe anything until it has been officially denied.

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  • It will be over before they can do anything, Government by threat is rapidly seen for what it is completely hollow, expect a radio advertising program and leafleting campaign to follow.

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