Building Societies, going belly up?

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BrilloPad replied

15 April 2008, 12:21
Originally posted by sasguru View Post

Funny how all these speculative doom articles appear mostly in the "Daily Torygraph"

Is Blaster the editor?
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Cyberman replied

15 April 2008, 12:03
I repeat what I have said all along. Instead of nationalising Northern Rock and running down its mortgages from 100 Billion to 50 Billion, the government and BofE should have been putting more funds into the market to aid liquidity and thus people's ability to remortgage, if they wished.

They simply have not done anything like enough and now more banks and building societies could be heading the way of Northern Rock. Lack of money market funding was not Northern Rocks doing but certainly its undoing, and the current extreme lack of liquidity is surely in a major part down to the authorities inaction.
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sasguru replied

15 April 2008, 11:03
Funny how all these speculative doom articles appear mostly in the "Daily Torygraph"
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Dow Jones replied

15 April 2008, 10:54
PLC not BS

Just to clarify, you will find that both A & L and B & B are PLC listed in the London SE and are no longer building societies.
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KathyWoolfe replied

15 April 2008, 10:52
An attempt at another scam a la HBOS?
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BlasterBates started a topic Building Societies, going belly up?

15 April 2008, 10:49
Building Societies, going belly up?

A&L and B&B ex building soc.

Oh dear...Northern Rock II and III ? ...or is this just a rogue blog?

Last edited by BlasterBates; 15 April 2008, 10:57.
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