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HBOS may require Central Bank funding

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    #11
    Originally posted by BlasterBates View Post
    ...by 140 mn.
    Hopefully they'll keep back some of the £5.7Billion profit they made last year to cover it...
    ‎"See, you think I give a tulip. Wrong. In fact, while you talk, I'm thinking; How can I give less of a tulip? That's why I look interested."

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      #12
      Originally posted by Cyberman View Post
      So just why should HBOS be granted up to 164 Billion pounds
      Who says they were granted that? They weren't and they won't be.

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        #13
        Originally posted by AtW View Post
        Who says they were granted that? They weren't and they won't be.
        The voice of financial certainty speaks!

        What are you today Atw?

        Search engine wizzard or financial guru?

        You've come right out the other side of the forest of irony and ended up in the desert of wrong.

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          #14
          Rumours

          Not wishing to be outdone by our resident financial wizard, let me just be so bold and point out something that has escaped our financial guru: The fact that shares in HBOS have never been busier. Traders here are selling and buying like mad (or is it buying and selling? just to even things out). The so-called rumours were originally spread just a couple of days before HBOS directors and staff got their annual bonuses and just as they were about to receive the next lot of free shares (before the new fin/year). It so happened that most 'opted' to invest their bonuses in buying shares that were 20% down and making a good instant return. Coincidence I hear you say?
          (virtually the same happened with Lehman Bros in the US)
          I would treat 'rumours' with extreme care and caution.

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            #15
            Originally posted by Dow Jones View Post
            Not wishing to be outdone by our resident financial wizard
            I have declared amnesty on you so you are no longer in my ignore list. I was just pleased you have gone straight and stopped using annoying icons on every post.

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              #16
              Originally posted by Cyberman View Post
              As a Northern Rock shareholder this stinks of hypocrisy.
              As a Northern Rock shareholder, I think you were lucky to get anything

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                #17
                But...

                he hasn't got anything...

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                  #18
                  Originally posted by bogeyman View Post
                  The voice of financial certainty speaks!

                  What are you today Atw?

                  Search engine wizzard or financial guru?
                  Hard Brexit now!
                  #prayfornodeal

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                    #19
                    Originally posted by Dow Jones View Post
                    he hasn't got anything...
                    And why should he? As a stock market investor, you are taking a financial gamble, based on what you think you know about a company.

                    If you make the wrong decision, you lose. As to how much you lose depends on how bad the company is.

                    NRK had a tulip financial model and should have never been bailed out by the government; they should have been left to sink or swim as any other private company would be.

                    Expecting cash back would make this similar to the Ladbrokes punter who lost a few million, and then asked for it all back because he hadn't won!
                    If she weighs the same as a duck, she's made of wood. And therefore a witch!

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                      #20
                      Disagree

                      It would be a different story had it been left to go to the wall. However, the Gov't because of the incomptence shown by Brown/Darling/BoE/FSA and the repercussions that would cause, stepped in to its rescue. As with any nationalisation, the Gov't has to provide compensation to its rightful owners. They did that in the old days with British Rail and with the National Coal Board. They also did that when they took over Railtrack from the private sector. Eventually it's a case of how much, NOT IF they cough up.
                      Another disgraceful chapter in the mismanagement of the economy by Zanu-NL (as someone here called them)

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