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Whats with all the bank panic madness?

135

Comments

  • tawse57
    tawse57 Posts: 551 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    IMPO, touch wood, keeping your savings in somewhere like the Nationwide or Leeds or HSBC, or Llloyds until they took over HBOS, is preferable and safer, again touch wood, than putting money in the Bradford & Bing or the A&L (Is A&L considered 'safe' now they are owned by Santander?) or some of the banks who are considered more at risk because of all their mortgage and BTL mortgage lending?

    Does the above make sense?
    This is not financial nor legal nor property advice. Consult a paid professional if in doubt.
  • a7man
    a7man Posts: 365 Forumite
    tawse57 wrote: »
    IMPO, touch wood, keeping your savings in somewhere like the Nationwide or Leeds or HSBC, or Llloyds until they took over HBOS, is preferable and safer, again touch wood, than putting money in the Bradford & Bing or the A&L (Is A&L considered 'safe' now they are owned by Santander?) or some of the banks who are considered more at risk because of all their mortgage and BTL mortgage lending?

    Does the above make sense?

    I understand you like to touch a lot of wood, hope you carry a plank with you at all times. Santander is huge, A&L is safe. Yes some are considered more at risk obviously but they are not risky.
    Living the good life spending all my money but loving it!!
  • Sapphire
    Sapphire Posts: 4,269 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Debt-free and Proud!
    a7man wrote: »
    Yes some are considered more at risk obviously but they are not risky.

    Do you know this for a fact, or is it just a personal opinion?

    Personally, I would rather not risk having all my savings in one place – especially if it is one of the big banks. Obviously, as I stated above, from my own observations other people feel the same.

    You, of course, are also free to express your opinion – but surely it is just that, not some deep insight into the financial world. :cool:
  • welshnoonoo
    welshnoonoo Posts: 257 Forumite
    a7man wrote: »
    This forum just seems full of the most paranoid people on the planet, how risk averse can you be.

    As risk-averse as you want to be!
    a7man wrote: »
    Santander is huge, A&L is safe. Yes some are considered more at risk obviously but they are not risky.

    I thought that about HBOS!!!!

    Don't get me wrong I am not one of those who thinks the big banks will go under, let's face it the Government couldn't let that happen, and I don't have £35K to worry about, but I can completely understand why others might worry.

    Afterall there is so much hype/mis-information as well as accurate information flying at us from all directions, the average person on the street is not necessarily going to know what to believe.

    Just my opinion, might not be worth much, but still all mine! :rotfl:
  • Jonbvn
    Jonbvn Posts: 5,562 Forumite
    Part of the Furniture 1,000 Posts
    Paul_Herring wrote: »
    You a writer for the DMGT? :D

    What is the DMGT?
    In case you hadn't already worked it out - the entire global financial system is predicated on the assumption that you're an idiot:cool:
  • esbo
    esbo Posts: 462 Forumite
    Jonbvn wrote: »
    What is the DMGT?

    Who knows?
    I don't know why people bother posting stuff nobody can understand.
  • LongTermLurker
    LongTermLurker Posts: 1,998 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Jonbvn wrote: »
    What is the DMGT?
    My mate google sez "daily mail and general trust" - never heard of them! (the general trust bit, that is ;))
    You've never seen me, but I've been here all along - watching and learning...:cool:
  • Oblivion
    Oblivion Posts: 20,248 Forumite
    Part of the Furniture 10,000 Posts Photogenic
    LongTermLurker wrote: »
    My mate google sez "daily mail and general trust" - never heard of them! (the general trust bit, that is ;))

    You've obviously led a sheltered life LTL, and who can blame you? ;)

    http://www.dmgt.co.uk/

    Dave.
    ... Dave
    Happily retired and enjoying my 14th year of leisure
    I am cleverly disguised as a responsible adult.
    Bring me sunshine in your smile
  • Paul_Herring
    Paul_Herring Posts: 7,484 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Jonbvn wrote: »
    What is the DMGT?

    Euphamism for "The Daily Mail."

    It's the group that owns them (Possibly clarified in later posts - I haven't got that far yet.)
    Conjugating the verb 'to be":
    -o I am humble -o You are attention seeking -o She is Nadine Dorries
  • Paul_Herring
    Paul_Herring Posts: 7,484 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    a7man wrote: »
    This forum just seems full of the most paranoid people on the planet,

    Full of...

    What?....


    You saying I'm paranoid? They're out to get me, I'm telling you...

    My £0.01 in ICICI is at risk here!!!

    And my £0.02 in ING Direct!!! (It might be £0.02000001 by now, I'm not sure.)

    (And on a (slightly more sensible note) my pension fund !!!(you get the idea. I hope,) but since I expect my fund to outlast the current bout of hysteria I'm not at all worried. )

    Where's my tin-foil hat....)
    Conjugating the verb 'to be":
    -o I am humble -o You are attention seeking -o She is Nadine Dorries
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