Boomed! - Just bought a load of HBOS ...

[sasguru]

I'm on a roll here!

[Moscow Mule]

These funding allowances by the BofE are special measures.

No, it's what a central bank does.

[downsouth]

more misery, looking like tough times ahead until the dust settles

looking in region of 4800-4900 until mid next week then upto 5100, slowly creeping up to 5400 inside a few weeks

UNTIL the next one falls

[JoJoGabor]

Have you sold yet?

[Cyberman]

Because the LIBOR rate has rocketed following the Lehmans collapse and that £20 billion was only made available Today. It has no relevence at all to anything prior to that.

The central banks are injecting cash into the markets to help ensure liquidity in the face of rising rates, not to shore up individual institutions.

The Central Banks have been pumping additional funding into the markets for the past 18 MONTHS, except for the BofE that only did so a year ago after the Northern Rock debacle. I repeat, you are in denial.

[sasguru]

Have you sold yet?

No will sell at 190
Looks like an expensive champagne supper today....

[Cyberman]

No, it's what a central bank does.

It's what a Central Bank should do as Lender of the Last Resort and other Central Banks have been doing, but unfortunately the BofE refused to do until after the Northern Rock debacle.

[ookook]

No will sell at 190
Looks like an expensive champagne supper today....

Now thats a good days work

[Moscow Mule]

It's what a Central Bank should do as Lender of the Last Resort and other Central Banks have been doing, but unfortunately the BofE refused to do until after the Northern Rock debacle.

You're confusing loans of last resort etc with the normal funding/lending processes of running a central bank.

There's a really good training course you can go on called "How the City Works" or something like that. Perhaps you would benefit from attending?

[sasguru]

You're confusing loans of last resort etc with the normal funding/lending processes of running a central bank.

There's a really good training course you can go on called "How the City Works" or something like that. Perhaps you would benefit from attending?

He might as well stick his face close to a hairdryer stuck on cold air.
T'would be like a cold draft of air passed right over his head