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Oh dear™ oh dear™oh dear™

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    #11
    Troll you flash get with the use of the (TM's)

    excellent use of the Oh Dear (TM) brand, top marks.

    Any chance of a link I'd like to send this to a friend (i do have them honest)

    Ta,

    Milan.

    Comment


      #12
      Originally posted by Sockpuppet View Post
      Because if they all moved their savings they really would be fooked.



      Surely lending money that you don't have is just as bad as borrowing money that you cant afford to pay back.
      That's how it used to work but thankfully that got de regulated during the 1980s. Ask your parents about mortgage queues.

      Comment


        #13
        Originally posted by milanbenes View Post
        Troll you flash get with the use of the (TM's)

        excellent use of the Oh Dear (TM) brand, top marks.

        Any chance of a link I'd like to send this to a friend (i do have them honest)

        Ta,

        Milan.
        Link

        Comment


          #14
          Originally posted by milanbenes View Post
          Troll you flash get with the use of the (TM's)

          excellent use of the Oh Dear (TM) brand, top marks.

          Any chance of a link I'd like to send this to a friend (i do have them honest)

          Ta,

          Milan.
          It's all over the BBC
          http://news.bbc.co.uk/1/hi/business/6994099.stm
          How fortunate for governments that the people they administer don't think

          Comment


            #15
            Troll, thanks.

            whoever is in charge please gimme another five years before the recession comes

            Milan.

            Comment


              #16
              Originally posted by milanbenes View Post
              Troll, thanks.

              whoever is in charge please gimme another five years before the recession comes

              Milan.
              I'm afraid dear chap, the wheels appear to coming off the NL branded GB trolley as we speak.

              Best batten down the hatches ... do you think more immigrants would help?
              How fortunate for governments that the people they administer don't think

              Comment


                #17
                It seems that NR isn't on the verge of knocking its pipe out; it's still regarded as a safe bet, long term, safer even than some banks. NR has lots of lovely property underpinning its business, which protects it well from market nasties. It's just that it's not going to meet its 15% growth target, rather than being all but finished. Also, NR may be the lender most susceptible to banks not wanting to lend, but the others aren't that far behind NR in this way. It's other banks' wariness about lending big dollops of cash that's led to this, not NR's crapness. NR's business model has always been fundamentally reliant on borrowing from other banks; it's not something new at all.

                Isn't it amazing that banks react so timidly to blips? And also never seem to see that in times like this, helping each other out is, ultimately, the best thing for them all? Idiots.

                Comment


                  #18
                  Originally posted by DBA_bloke View Post
                  NR has lots of lovely property underpinning its business, which protects it well from market nasties.
                  What happens if the value of those underpinning assets collapses? it's OK saying long term but companies report yearly.. so the balance sheet would look pretty fecked up
                  How fortunate for governments that the people they administer don't think

                  Comment


                    #19
                    Originally posted by Troll View Post
                    What happens if the value of those underpinning assets collapses? it's OK saying long term but companies report yearly.. so the balance sheet would look pretty fecked up
                    Same logic applies to every financial institute. And property is a real asset, not some LSD-induced fantasy, like Futures, etc. Assets in the real world always win out. And the UK isn't getting any bigger, whereas the population is... and all want their own place.

                    Comment


                      #20
                      Originally posted by zeitghost
                      Having to save for a couple of years before the building society would deign to acknowledge your pathetic existence.
                      Or you could skip the queues by buying a new Barratt house, at a premium of course.
                      Behold the warranty -- the bold print giveth and the fine print taketh away.

                      Comment

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