HBOS gone. Who's next?

cogito

Now that the sharks have tasted blood, who will they turn their greedy eyes to next?

B&B?

[Deleted User]

deramper!

pointless post

nico26

have we not had enough scaremongering

cogito

Who's scaremongering? It's pretty plain that HBOS was the victim of a sustained attack. Speculators against the stock will be counting their profits and looking around for another victim. With confidence in the financial sector so fragile, it wouldn't take much for them to undermine confidence in another institution.

The_One_Who

To be honest, if this hadn't been so negatively reported there wouldn't be such a big hoo hah about it. HBOS wasn't on the verge of collapse (as far as I understand it), it was just being hit by the fact that it was so exposed to the mortgage and housing market.

Everyone is getting jittery when there really is no need to be. Maybe I have that opinion because I can only dream of having £35k, never mind more, but I still don't see why people are starting to get panicked.

stevetodd

cogito wrote: »

Who's scaremongering? It's pretty plain that HBOS was the victim of a sustained attack. Speculators against the stock will be counting their profits and looking around for another victim. With confidence in the financial sector so fragile, it wouldn't take much for them to undermine confidence in another institution.

It's one thing scaremongering but interfering with someone's ramps is another, I warn you now if you try and deramp my ramp there will be trouble!

dag_2

It's pretty plain that HBOS was the victim of a sustained attack. Speculators against the stock will be counting their profits and looking around for another victim. With confidence in the financial sector so fragile, it wouldn't take much for them to undermine confidence in another institution.

Well quite. But wouldn't we be perpetuating this if we started to name names?

tradetime

It's pretty plain that HBOS was the victim of a sustained attack

Actually it's pretty plain that the financial institutions in trouble were greedy and reckless, allowing their capital reserves to fall too low whilst lending too much, now they are paying the price, it is simply the age old process of natural selection.

Fella

On the one hand we're getting comments from MPs complaining that short-sellers were entirely responsible & HBOS were fine.

Simulatneously our joke of a chancellor was on TV today saying he had been aware of the HBOS problems for weeks.

RayWolfe

Fella wrote: »

On the one hand we're getting comments from MPs complaining that short-sellers were entirely responsible & HBOS were fine.

Which shows how little those MPs know.
Did HBOS need to renew borrowings in the market for billions in the next few weeks? Who was going to lend it to them? Speculators can get it wrong but their has to be a smidgen of truth for a hare to run.

cogito

It was hilarious listening to a Labour MP saying on the radio that banks should be obliged to save for a rainy day when times were good so that they wouldn't get into difficulty when times were hard. He should try telling that to his boss.