Confidence will not be restored anytime soon

[BrilloPad]

http://news.bbc.co.uk/1/hi/uk_politics/7665645.stm

UK Prime Minister Gordon Brown has said he believes confidence in the banking system will be restored by global action "in the next few days".

HTH

[PAH]

It's all going tits up.

What's all this about Barclays needing support (along with 3 other banks if various news items on the web are to be believed), just days after apparently having the ability to offer to buy Lehman and his brother?

Did somebody's cheque bounce?

[DiscoStu]

It's all going tits up.

What's all this about Barclays needing support (along with 3 other banks if various news items on the web are to be believed), just days after apparently having the ability to offer to buy Lehman and his brother?

Did somebody's cheque bounce?

I think DimPrawn moved his account to a different bank, leaving them dangerously short of cash.

[Stan.goodvibes]

It's all going tits up.

Its just these kind of comments that are contributing to the lack of confidence

;-)

[AlfredJPruffock]

It's all going tits up.

What's all this about Barclays needing support (along with 3 other banks if various news items on the web are to be believed), just days after apparently having the ability to offer to buy Lehman and his brother?

Did somebody's cheque bounce?

It may be something to do with the fact that they turned my loan application down last month.

The cheek of them.

May the curse of Pruffock be upon them.

[Cyberman]

.. and Northern Rock shareholders will not get compensation because they will be valued as bust, when just about every major bank has been given a much bigger loan than they ever wanted. The whole package is one year too late.

[BrilloPad]

Its just these kind of comments that are contributing to the lack of confidence

;-)

nice sarcasm! I also believe that 125% ltvs had nothing to do with it......

[Cyberman]

It's all going tits up.

What's all this about Barclays needing support (along with 3 other banks if various news items on the web are to be believed), just days after apparently having the ability to offer to buy Lehman and his brother?

Did somebody's cheque bounce?

Ever heard of a 'smokescreen' ? Banks do everything to try to protect their SP and thus their credit-rating which allows them to borrow.