Oh dear - Bradford & Bingley nationalisation looks increasingly likely

carolt

http://www.telegraph.co.uk/finance/financetopics/financialcrisis/3087787/Bradford-and-Bingley-nationalisation-looks-increasingly-likely.html


Bradford & Bingley nationalisation looks increasingly likely

Bradford & Bingley's future looked increasingly uncertain as the City regulator searched for a white knight for the stricken bank.

But there was a growing view among bankers that B&B will be nationalised and knocked together with Northern Rock.

experience08

carolt wrote: »

http://www.telegraph.co.uk/finance/financetopics/financialcrisis/3087787/Bradford-and-Bingley-nationalisation-looks-increasingly-likely.html


Bradford & Bingley nationalisation looks increasingly likely

Bradford & Bingley's future looked increasingly uncertain as the City regulator searched for a white knight for the stricken bank.

But there was a growing view among bankers that B&B will be nationalised and knocked together with Northern Rock.

LOL won't the BoE run out of money soon? They've been lending/spending so much money lately, we may see King on the DFW board soon :rotfl:

ad9898_3

Looks like the BTL market is doing well then, or perhaps not:D

Chris2685

I remember when my shares with them were worth more than £3 each... Those were the days

Mandark

20p a share is like junk bond status. It's a gonna as an independent entity.

experience08

Chris2685 wrote: »

I remember when my shares with them were worth more than £3 each... Those were the days

You can always frame the share certificate, to remind you of the "good old days".

Chris2685

I don't even know where it is, or if I even have one... I just got them given to me when Bradford and Bingley became a bank and then I closed my account anyway! I was only about 16 or something (how long ago is it since they became a bank? whatever that is, take it off 22 and that is how old I was :P).
All I know is I used to get some nice cheques every quarter or so for free... Doubt I'll be seeing those anymore! lol.

neverdespairgirl

Chris2685 wrote: »

I remember when my shares with them were worth more than £3 each... Those were the days

Hope you sold them?

Chris2685

i wish i had!

baby_boomer

experience08 wrote: »

You can always frame the share certificate, to remind you of the "good old days".

It's not even that good, I'm afraid.

Most holders are paperless - buying and selling in the ether via ComputerShare.

WTF?_2

What's surprising is the complete apathy being shown by the population.

I've seen it reported that per person, the proposed Paulson bailout in the USA is about half of the liabilities that the British taxpayer took on with Northern Rock. I dunno how true that is though.

Whereas in the USA people don't put up with the government reaching into their pockets to bail out a bunch of wealthy incompetents without a fight - in the UK the flock just go baa baa baa as the government fleeces them.