Explainer: Santander grew under strict reserves regime

[AtW]

I'm beginning to think you're as stupid as you sound.

It's a simple question guru, try to answer it honestly. Which UK banks did you keep your money from BTL sales?

I'd say right now it seems that LTSB was the best run bank, I hope their stupid buy of HBOS fails though and it will remain to be decently ran bank.

Who do you bank with? I am not asking your bank accounts, just simple bank names, go on tell me. Barclays probably? Or did you get tempted by some of the sub-prime banks?

[sasguru]

It's a simple question guru, try to answer it honestly. Which UK banks did you keep your money from BTL sales?

I'd say right now it seems that LTSB was the best run bank, I hope their stupid buy of HBOS fails though and it will remain to be decently ran bank.

Who do you bank with? I am not asking your bank accounts, just simple bank names, go on tell me. Barclays probably? Or did you get tempted by some of the sub-prime banks?

So you're implying that your infinite wisdom told you that LTSB was the best run bank which is why you picked it, rather than blind luck?
You're such an insignificant little fake.
It so happens that's its mine too because I used to work for the TSB way back before it was taken over by LLoyds.
And if you must know my money is spread round various investments of different types.

[Bob Dalek]

I'm beginning to think you're as stupid as you sound.

I have likewise avoided any risk by regularly saving into my postal bank Central African Secure Holdings, which I came across via a nice email from General Nconto of Chad (in which he invited me to help release massive funds following a tragic death in their royal family... or something like that).

Once a month, I transfer my lolly from my Barclays account to my postal account, writing a cheque made out to C.A.S.H. Fantastic interest rates, they told me! Not long now, and I can get my hands on my loot (have to wait a few months... something to do with local tax laws, I think).

Boomed!!!

[AtW]

So you're implying that your infinite wisdom told you that LTSB was the best run bank which is why you picked it, rather than blind luck?

It happened like this. When I was first time in the UK in 1994 for a month to study English in Poole (nice place) it was time when Russian inflation was like 1000% a year, so I decided to open account in this country.

However I did not want to do it willy-nilly sadguru style, so I was looking for clues that would help me make the right decision.

As I was walking on the high street and looking for clues I noticed 6 eagles flying over the Barclays branch. This seemed good however I kept on walking and noticed 12 eagles flying over Lloyds branch. So the decision was obvious really.

It so happens that's its mine too because I used to work for the TSB way back before it was taken over by LLoyds.

So you worked for a failed bank that was bought out by LLoyds and clearly you were let go as one of the first measures? This, in some way, explains your bitterness.

[sasguru]

So you worked for a failed bank that was bought out by LLoyds and clearly you were let go as one of the first measures? This, in some way, explains your bitterness.

I hope your programming has less assumptions but I doubt it given your (lack of) success to date.

[Cyberman]

I think not actually - notice that they are buying only parts of banks - savings, not carp morgages.

... and Lloyds are buying HBOS, and RBS are buying PART of Amro. Wise heads are now saying that both of those deals are destined for failure in the medium to short-term.

The problem is that when these purchases are made, the 'hidden' problems are not obvious. Who's to say that Santander may not be making a similar error. I think you are too quick to crow!!

I predicted a year ago that B&B and HBOS could be the next to fall after the nationalisation of the Rock. I now predict that Santander could hit similar problems. As I say, let's wait and see !!

[AtW]

I hope your programming has less assumptions but I doubt it given your (lack of) success to date.

Well, you worked for a bank that was "merged" as they say, but in reality acquired. Standard practice in this case is to sack a lot of people from the "merged" bank. Did you leave soon after the "merger"? Let's just test my assumptions here, what was the date when you stopped working for TSB bank, was it right after the "merger" date?

[AtW]

... and Lloyds are buying HBOS

I don't agree with this. I think the deal might not go through as shareholders would revolt.

My guess is that Brown twisted arms of bosses at LTSB and they had to go for it knowing that they could back off during shareholders vote or if things change like HBOS share price which is falling. Hopefully the deal will fail.

[sasguru]

Well, you worked for a bank that was "merged" as they say, but in reality acquired. Standard practice in this case is to sack a lot of people from the "merged" bank. Did you leave soon after the "merger"? Let's just test my assumptions here, what was the date when you stopped working for TSB bank, was it right after the "merger" date?

It was before actually - I went contracting. But I kept the account.
HTH

[AtW]

It was before actually

So you jumped the ship like a rat? Like you took the hint when your boss asked you how many years have you worked in the bank shortly before "merger".

And what did you do after that, joined some other bank?