Reply to: When are most banks going to be nationalised?

[rootsnall]

Possibly. Do you feel lucky?
It's all a gamble.

I know A lot of shares are now looking good and I've been waiting for this moment but having 35K missing in Icesave land is not good for the nerves.

[AlfredJPruffock]

RBS worth a punt at 78p ?

I'm assuming I'll get my Icesave money back and I'm feeling lucky

The banks were up when I first looked this morning. Any idea what the wonder deal actually means ?

Perhaps this may help -

Yesterday (Monday), the spread between Overnight Indexed Swaps (OIS) and the three-month LIBOR rose to an all time high of 2.94%. The LIBOR/OIS spread measures the amount of cash available for interbank lending and is used by banks to determine interest rates.

The wider the spread, the less cash there is to go around. This is telling us that banks, despite billions of central-bank support in recent months, are still cash-strapped and are disinclined to lend money either to each other or to consumers.

[sasguru]

RBS worth a punt at 78p ?

I'm assuming I'll get my Icesave money back and I'm feeling lucky

The banks were up when I first looked this morning. Any idea what the wonder deal actually means ?

Possibly. Do you feel lucky?
It's all a gamble.

[rootsnall]

Ah looks like it's today

RBS worth a punt at 78p ?

I'm assuming I'll get my Icesave money back and I'm feeling lucky

The banks were up when I first looked this morning. Any idea what the wonder deal actually means ?

[BrilloPad]

But will the nationalisation guarantee that depositors money is safe? And, if so, will they all offer the same rate of interest?

[d000hg]

How does this work when big banks are operating through the world? Or is this discussion limited to UK-only banks & building societies?

[sasguru]

Ah looks like it's today

[TheBigYinJames]

Ahh so pure speculation and guesswork at this stage then.

You're talking about the cornerstones of western capitalism there!

[rootsnall]

Ahh so pure speculation and guesswork at this stage then.

looking likely

[oracleslave]

Stories and rumours started to come out last week that the big UK banks will possibly maybe all have to effectively nationalised. At the rate things are progressing who knows

Ahh so pure speculation and guesswork at this stage then.

[rootsnall]

Seriously? Is there some inside info I am missing?

Stories and rumours started to come out last week that the big UK banks will possibly maybe all have to effectively nationalised. At the rate things are progressing who knows

[HairyArsedBloke]

They may end up with large government holdings, but which government?

[sasguru]

Seriously? Is there some inside info I am missing?

It was the ultimate solution to the Japanese and Scandinavian crises in the last decade.

[oracleslave]

All will

Seriously? Is there some inside info I am missing?

[rootsnall]

In the UK? Most won't be nationalised.

All will