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Bradford and Bingley - Treasury to intervene

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Comments

  • Stavros_3
    Stavros_3 Posts: 1,288 Forumite
    rickbonar wrote: »
    Brown out now! Brown out now! Brown out now!

    How long do you think Brown has as PM left?

    Iminent if your comments above are correct
    Liquidity is when you look at your investment portfolio and **** your pants
  • scroogiewoogie
    scroogiewoogie Posts: 2 Newbie
    Unaware of the current situation (I hadn't read the news for a few days), I closed a matured Fixed Rate savings account with Bradford & Bingley on Saturday morning. I now have a very large cheque from them (from their account with the Co-op Bank) ready to pay into my bank account on Monday.

    Now I have heard the news. Is my cheque going to bounce?
  • ad44downey
    ad44downey Posts: 2,246 Forumite
    rickbonar wrote: »
    So does anyone know what happens to the shares that B&B etc gave out a few years back.
    B+B share certificates - useful as emergency bogroll
    Krusty & Phil Madoff, 1990 - 2007:
    "Buy now because house prices only ever go UP, UP, UP."
  • ad44downey
    ad44downey Posts: 2,246 Forumite
    No. it now has Bank of England guarantee
    Krusty & Phil Madoff, 1990 - 2007:
    "Buy now because house prices only ever go UP, UP, UP."
  • dadragon
    dadragon Posts: 16 Forumite
    I know its looking like shares are worthless now, but if only part of the company is being nationalised and the other being sold on, surley shares should still be worth something?
    Or is it because the govenment are taking control of everything at first and selling on the good bits after, meaning since they stole it from shareholders.

    Sucks if you ask me
  • ad44downey
    ad44downey Posts: 2,246 Forumite
    B+B shares would be zero tomorrow morning so they haven't really stolen any money off you.
    Krusty & Phil Madoff, 1990 - 2007:
    "Buy now because house prices only ever go UP, UP, UP."
  • LongTermLurker
    LongTermLurker Posts: 1,998 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    theholdways wrote: »
    LongTermLurker I read through the other thread and it seemed full of stuff re shares and going off topic and insults - this thread was shorter and more on the savings side. Sorry if I am upsetting people on here I only come on occasionally and am not a fully fledged poster!
    Take your point on threads going off topic and insults, but it gets confusing if 2 threads start building up talking about the same thing. It also gets tiring reading questions on one thread that have been answered on the other.
    You've never seen me, but I've been here all along - watching and learning...:cool:
  • campins
    campins Posts: 120 Forumite
    Well I am off to Kaupthing edge as a rate fall seems to follow these rescue attempts and they seem a like a friendly lot :kisses:
    Love your son.
  • Masomnia
    Masomnia Posts: 19,506 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    opinions4u wrote: »
    Nooooo the rats will eat it!:rotfl:

    Gosh, rats and inflation eating away at my savings! Nightmare!
    “I could see that, if not actually disgruntled, he was far from being gruntled.” - P.G. Wodehouse
  • gfideon
    gfideon Posts: 2 Newbie
    I have just opened a savings account with B&B. Payment into the account is due tomprrow. Is it still safe to do so. It is for £ 35000.
This discussion has been closed.
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