Halifax - Next Bank To Go?

[Phube]

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.

You mean like the one in my wallet??

And I have my 10 year fixed rate mortgage with them... 8 1/2 years left at 4.79%

[DJ Barry Hammond]

QUOTE (James. @ Sep 19 2008, 01:28 PM)

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

Crunchies

Don't you mean Aero's!

Personally i think it's rich people buying football clubs!

[Bellend Sebastian]

I like an Aero - if you must insist on having a sweet snack with bubbles in, surely this is the best.

I think you might be on to something with the football. Prices going up inexorably (and inexplicably), clubs spending like there's no tomorrow...it looks like a bubble, and experience says that when it looks like a bubble it usually is

[The People's Hero]

Reptiles. Reptiles are the next bubble.

That or reptilians.

[Zingari]

bubbles de vere or michael bubble

o

[breadandcheese]

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?

Long term, the Fed may well make money, but it's an uncomfortable and morally ambiguous position for a government to be in. There will be more foreclosures when some of the bad debt defaults, so effectively a government will be turfing people out of their homes and onto the streets.

James, with regards today's share price movements, the markets have reacted positively to the recent developments, but effectively the Fed and the concerted effort by other central banks to inject huge sums into the market seems very much like the last throw of the dice to me. Do you foresee any future problems and what do you think the knock-on effects are, likely to be on the value of the dollar?