Hunt for £100m rogue trader after attack on HBOS share price

[Diver]

wallnuts

It's still date rape

[AtW]

It's still date rape

feeding session

[Diver]

feeding session

feelup

[AtW]

feelup

[Cowboy Bob]

Lets face it, the US is going down the tubes and when it's gone bankrupt, China (which owns most of the US debt) will step in and take control of the markets.

Personally I couldn't give a rats ass if the whole banking system collapses and all those people with Columbian flu end up on the streets. I don't care about anyone who has over-extended themselves on their mortgage and ends up on the streets - no-one forced them to take out a 125% mortgage on a £500,000 house in Surrey. I don't care about anyone who has borrowed beyond their means. Whatever happened to personal responsibility? All these people have got themselves into this mess, no-one should be bailing them out - including Northern Rock. It would have been better if that had crashed and burned. Sure, there'd have been large amounts of short term pain, but what's happening now is death by 1000 cuts. It's just prolonging the agony.

[Diver]

Lets face it, the US is going down the tubes and when it's gone bankrupt, China (which owns most of the US debt) will step in and take control of the markets.

Personally I couldn't give a rats ass if the whole banking system collapses and all those people with Columbian flu end up on the streets. I don't care about anyone who has over-extended themselves on their mortgage and ends up on the streets - no-one forced them to take out a 125% mortgage on a £500,000 house in Surrey. I don't care about anyone who has borrowed beyond their means. Whatever happened to personal responsibility? All these people have got themselves into this mess, no-one should be bailing them out - including Northern Rock. It would have been better if that had crashed and burned. Sure, there'd have been large amounts of short term pain, but what's happening now is death by 1000 cuts. It's just prolonging the agony.

But what about their children? what about those that had to re mortgage due to illness, injury or redundancy just to keep a roof over their children's heads?
Remember, too much financial instability could put you on the streets as well.
Think about social unrest, rioting, burning cars and buildings.
What you advocate would hazard even those of us who believe that we are financially secure.

[AtW]

Sure, there'd have been large amounts of short term pain, but what's happening now is death by 1000 cuts. It's just prolonging the agony.

Nothing started yet for real.

[Cowboy Bob]

But what about their children? what about those that had to re mortgage due to illness, injury or redundancy just to keep a roof over their children's heads?
Remember, too much financial instability could put you on the streets as well.
Think about social unrest, rioting, burning cars and buildings.
What you advocate would hazard even those of us who believe that we are financially secure.

My heart bleeds.

Everyone who takes out a mortgage knows the risks and has had them explained to them. There seems to be a fallacy that if you have a mortgage you own your house. You don't. The bank does. And it can do with it as it wishes, including throwing you out.

Besides, what do you mean "had" to re-mortgage. Did anyone have a gun up against their heads?

I won't be on the streets. I ignored all the "advice" from the corporations to take out this mortgage and that pension blah blah blah (i.e. make them loads of profit), did my own sums, and decided to turn my back on the "normal" way of doing things. Now I fart in the direction of the credit crunch. It can't touch me.

Time to start learning Chinese...

[Diver]

My heart bleeds.

Everyone who takes out a mortgage knows the risks and has had them explained to them. There seems to be a fallacy that if you have a mortgage you own your house. You don't. The bank does. And it can do with it as it wishes, including throwing you out.

Besides, what do you mean "had" to re-mortgage. Did anyone have a gun up against their heads?

I won't be on the streets. I ignored all the "advice" from the corporations to take out this mortgage and that pension blah blah blah (i.e. make them loads of profit), did my own sums, and decided to turn my back on the "normal" way of doing things. Now I fart in the direction of the credit crunch. It can't touch me.

Time to start learning Chinese...

I know of one young couple with two children. He was involved in a serious road accident in the states.
I won't go into the whole tale, but his insurance would only cover so much of the costs. corrective surgery they had to pay for by re-mortgaging.
They are now in a borderline position, he is still unable to work. she has a part time job but has to pay nursery fees for the children. his insurance runs out in three months and the state benefits will barely put food on the table, let alone cover the mortgage.
They face being out on the street with the children taken into care if things get any worse.

[Cyberman]

But what about their children? what about those that had to re mortgage due to illness, injury or redundancy just to keep a roof over their children's heads?
Remember, too much financial instability could put you on the streets as well.
Think about social unrest, rioting, burning cars and buildings.
What you advocate would hazard even those of us who believe that we are financially secure.

Well put Diver. Too many people do not have a clue about the potential side-affects of a major bank being allowed to fail in the UK, especially in this climate, because once one goes others will follow like dominoes. Lending is already drying up and once it hits businesses and they start going bust, job losses could run into many millions. Flippant commentators should be careful what they wish for!!