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Tilley

Halifax - Next Bank To Go?

By Tilley, in General Chat

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Tabou

Tabou

Posted
Posted
The consumer has other things to worry about right now. :ph34r:

We should be worried about the fact I'm thirsty and have run out of ginger beer.

This is not a metaphor.

Daggers

Daggers

Posted
Posted
I don’t think I’ve ever come across anyone who spouts as much drivel as Tommy G does.

For "one of the brightest prospects they've ever had" [quoting him supposedly quoting his employer] one has to wonder what kind of fuknut they usually employ considering the abject shite he has spouted in this thread so far.

Tommy G

Tommy G

Posted
Posted
The biggest problem is price fixing. If all these proposed take overs complete, having 3/4 big finance houses bossing the majority of the mortgage market means competition will be kept to a minimum.

Not good for the consumer in my opinion.

Good point.

I'm not a home owner but if this kind of thing keeps happening then you will end up with just an oligopoly situation within a couple of years. You will have no alternative but to get your mortgage from a big lender, who can set whatever rates they wish due to the lack of competition.

Monk

Monk

Posted
Posted
Good point.

I'm not a home owner but if this kind of thing keeps happening then you will end up with just an oligopoly situation within a couple of years. You will have no alternative but to get your mortgage from a big lender, who can set whatever rates they wish due to the lack of competition.

You'll still have the vast majority of the building societies. There will still be a decent amount of competiton

Tabou

Tabou

Posted
Posted
You'll still have the vast majority of the building societies. There will still be a decent amount of competiton

Hopefully, but whilst the houseing/mortgage market remains how it is (dead!), I think certain lenders could turn it into a bit of a monopoly.

When criteria eases slightly, and Building Scoieties (Skipton, Chelsea, etc) begin to proactively lend money, then things may get more competitive.

It could be a good thing though. HBOS/Lloyds could turn into a bit of a 'Mortgage Saviour', offering good deals to the right people.

Bellend Sebastian

Bellend Sebastian

Posted
Posted

BOLLOCKS

I was actually thinking for about 10 seconds yesterday of buying some bank shares, what with them being all depressed and that. Naturally, I didn't, and this morning HBOS shares are up 50 per cent.

I say again, BOLLOCKS

Dr The Singh

Dr The Singh

Posted
Posted
BOLLOCKS

I was actually thinking for about 10 seconds yesterday of buying some bank shares, what with them being all depressed and that. Naturally, I didn't, and this morning HBOS shares are up 50 per cent.

I say again, BOLLOCKS

My bro in law who's a part time trader has made over 30k with all this share drop increase. I'm like you Bellend, i'm too much of a Bellend, I think about it but never do it!!! :cry:

Tabou

Tabou

Posted
Posted

I have shares in a few companies, but daren't look at them incase I get depressed. They are my 'Rainy Day' fund.

It's going to rain soon.

The People's Hero

The People's Hero

Posted
Posted
Wow. FTSE up nearly 8%. Crazy.

Credit crunch? What credit crunch?

Mmm credit crunchie.

Crunchie bars should be sent out for free as a marketing thing. They should call them Credit Crunchies.

Bellend Sebastian

Bellend Sebastian

Posted
Posted
Wow. FTSE up nearly 8%. Crazy.

Credit crunch? What credit crunch?

If it stays like this, would it be the biggest one day rise ever? I don't recall anything like it in the 11 years I've been staring at a computer monitor.

I hate Crunchies, although I still eat them when there's no other chocolate available. I'm not convinced they're meant to be eaten - they taste like something made in a chemical factory, like the lining of the Space Shuttle's booster rockets.

Give me a Double Decker any day

Alexikokopops

Alexikokopops

Posted
Posted
If it stays like this, would it be the biggest one day rise ever? I don't recall anything like it in the 11 years I've been staring at a computer monitor.

I hate Crunchies, although I still eat them when there's no other chocolate available. I'm not convinced they're meant to be eaten - they taste like something made in a chemical factory, like the lining of the Space Shuttle's booster rockets.

Give me a Double Decker any day

What is this filth spewing out your mouth? Crunchies are the business!

This is why Nationwide RULE!!! :D

O yes. Yes they do. I've just realised that if I was 3 years older I could have one of their Gold Cards. Goooooooooold, ooooooooooooooooooh.

Zingari

Zingari

Posted
Posted
Yeah but that's not live. I'm looking at a live Reuters screen.

is this a good thing or a bad thing ?

not for me personally but the country as a whole ,

i know fook all about finances as i'm always broke

Tommy G

Tommy G

Posted
Posted
Yeah but that's not live. I'm looking at a live Reuters screen.

Apparently it's going to cost the US government $2 trillion to buy various US banks bad debts. I just cant get get over that amount of money, it's just unbelievable figures.

James.

James.

Posted
Posted
is this a good thing or a bad thing ?

not for me personally but the country as a whole ,

i know fook all about finances as i'm always broke

It's good news what the Fed is doing which is driving the markets higher. That and the fact a hell of a lot of hedge funds have just been battered by the new short selling rules. They're desperately trying to cover their short positions which is driving bank shares up.

Apparently it's going to cost the US government $2 trillion to buy various US banks bad debts. I just cant get get over that amount of money, it's just unbelievable figures.

Crazy stuff. They'll make money from it though. They'll buy them at discounted prices and then just sell them when the market gets going again. Pretty mad that it's come to this and whether it will REALLY teach the banks a lesson is another matter. What everyone should be looking at now is what the next bubble will be. It was the internet stocks, then it was housing, what's next?

Tommy G

Tommy G

Posted
Posted
Crazy stuff. They'll make money from it though. They'll buy them at discounted prices and then just sell them when the market gets going again. Pretty mad that it's come to this and whether it will REALLY teach the banks a lesson is another matter. What everyone should be looking at now is what the next bubble will be. It was the internet stocks, then it was housing, what's next?

What if the market doesn't get going again asap? They will be stuck with the debt, assuming they will have to borrow money (from somewhere) to fund the bad debt purchase anyway..it seems risky but sounds like it will benefit globally.

Going back to the thread, if it wasn't for the hedgefund billionaires/millionaires who brought HBOS to it's knees then the FTSE 100 wouldn't have been so depressed. Don't get me wrong, I would love to be involved and have the nack of doing something like that. They make an abserloute fortune if they get it right. I think a guy netted about £280 million from short selling shares with HBOS - ridiculous but legal. Sounds like the FSA has put a temporary ban on it now.

Bellend Sebastian

Bellend Sebastian

Posted
Posted
Crazy stuff. They'll make money from it though. They'll buy them at discounted prices and then just sell them when the market gets going again. Pretty mad that it's come to this and whether it will REALLY teach the banks a lesson is another matter. What everyone should be looking at now is what the next bubble will be. It was the internet stocks, then it was housing, what's next?

Crunchies

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