Reply to: sharesin NorthernRock

[Sysman]

Sure he made it difficult with his 90-day terms, but tell me, how many went out of business because of it?

I worked as a purchaser in GEC's defence business for a while. Suppliers made a lot from GEC. They knew the score.

I'm not claiming that GEC's suppliers suffered, more that 90+ days became the norm for the rest of UK business.

Actually, that reminds me of my first repeating contract. Lousy payers time-wise, but as long as I had a purchase order to cover my work, there were zero worries about getting paid eventually.

It was quite nice, no agency involved, could in those days do it under self-employed status, and I charged 50% above the typical going contract rate, plus expenses.

[wendigo100]

But the prat left the heritage of forcing suppliers out of business by not paying on time.

Sure he made it difficult with his 90-day terms, but tell me, how many went out of business because of it?

I worked as a purchaser in GEC's defence business for a while. Suppliers made a lot from GEC. They knew the score.

[snaw]

Banks and their greedy masters have taken the people for a ride long enough. Yes many innocents will lose their shirts and that is so sad. But the bright side is these bastards who live on $20,000 bottles of wine eat $1,000 meals fly private will soon be selling their own shirts of their backs.

The real ordinary civilized people can survive on a tiny sum, we have learnt to cope, these big bankers will be throwing themselves from the top of their banks in the months to come.

I can easily survive but those who have had it so great for so long will be chewing valium for breakfast dinner and supper.

Clearly you don't know many bankers, or indeed much about history.

[Lambros]

Banks and their greedy masters have taken the people for a ride long enough. Yes many innocents will lose their shirts and that is so sad. But the bright side is these bastards who live on $20,000 bottles of wine eat $1,000 meals fly private will soon be selling their own shirts of their backs.

The real ordinary civilized people can survive on a tiny sum, we have learnt to cope, these big bankers will be throwing themselves from the top of their banks in the months to come.

I can easily survive but those who have had it so great for so long will be chewing valium for breakfast dinner and supper.

[Lambros]

It's panic: Get Your Money! Another UK bank crying help from Bank of England


For those who cannot read?????


Lets have more pictures of people waiting in line in front
of the bank?????????



http://newsimg.bbc.co.uk/media/image...ckqueue203.jpg

[Sysman]

My first boss when I left school. He knew about making money. He'd never have made that speculative punt on whatever that comms company was. He was godlike.

But the prat left the heritage of forcing suppliers out of business by not paying on time.

[Sockpuppet]

Now down 32%

Crikey!

[FiveTimes]

My first boss when I left school. He knew about making money. He'd never have made that speculative punt on whatever that comms company was. He was godlike.

Speculative punt was FORE Systems - £3bn... and paid cash aswell. Arnie would have at least made sure he kept his cash pile and offered shares as part of the deal.

[wendigo100]

Arnie Weinstock must be spinning in his grave... for all his faults (and there were many) he was a better man than the twats that followed him...

My first boss when I left school. He knew about making money. He'd never have made that speculative punt on whatever that comms company was. He was godlike.

[Sockpuppet]

http://newsvote.bbc.co.uk/1/shared/f...3/intraday.stm

[NoddY]

A good frined of mine who's in risk in financial markkets sent all his friends an email on Northern Rock, and generally on financial institutions in the UK at the moment - key line in his email was this:



In the 7 years I've known him he's never once sent me an email like that. He works for one of the major players and is in a pretty senior risk role. I know what I'd be doing right now, and shares in Northern rock wouldn't be one of them.

I'd be very reluctant to follow financial advice from someone who has to resort to working for income.

[MrRobin]

It;s falling again... -30% now

[Dundeegeorge]

He'll be back

(repositions shades, revs up motorcycle and drives off in a cloud of dust)

[Muttley08]

If Northern Rock go belly up will the mortgage debt be wiped or just tranferred to a buying company for the princely sum of one pound ?

Apparently sold on to another bank - it's an asset. Shame aint it?

[scooterscot]

I used to work for Marconi, years before the troubles, but I still had a load of mates there with nice share options, you know, buy for a quid regardless of what the market price is.

Anyway, from a few quid, suddenly the shares were only worth 1p or something. Well pee'd off you are, isn't it.

Sorry, that's a hangover from the welsh thread.

Me too. Were you ever at the NEC when Lord simpson gave all the graduates a £5 pound share and told us this would be worth £20+ in the years to come?

I got a 2p divi some years later and a share worth less than a sheet of loo paper.