Congress rejects rescue Bill

bristolleedsfan

dunstonh wrote: »

All the papers and news sites published that B&B had funding until 2009. /quote]


:T Yet you used the phrase "until the end of 2009"

All B+B ever said to the best of my knowledge was that they had funding in place "until/into 2009", not until the "end" of 2009 and their is a big difference between the two phrases.

I was gonna make the point about it days ago but knew that you would not take criticism very well.

B+B couldnt possibly say they were funded until the "end" of 2009 as they wouldnt have had a clue as to how much of the 6 month/12 month fixed rate deposits would go elsewhere on maturity during 2009 as it was those products that have brought in the most deposits for B+B during the last 13 months or so, especially as a lot of B+B fixed rate products were only available to new money.



http://www.independent.co.uk/news/business/news/bb-says-funding-is-secure-despite-rise-in-bad-debt-814114.html


“B&B repeated earlier assurances it was funded into 2009”



http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article3928033.ece


“Bradford & Bingley has a strong capital base, above its regulatory requirements, and as a result of the board’s conservative approach, has funded its business activities through 2008 and into 2009.”


http://www.telegraph.co.uk/finance/financetopics/financialcrisis/3091863/Financial-crisis-Bradford-and-Bingley-nationalisation-should-be-last-resort.html


“The bank said it is in no immediate danger because it has funding in place until 2009”.

dunstonh

:T Yet you used the phrase "until the end of 2009"

I was gonna make the point about it days ago but knew that you would not take criticism very well.

Or perhaps you didnt say anything as I never posted that. Having checked back, I never said "until end of 2009". If you are going to be rude and use quotes then at least quote correctly rather than make it up.

I believe you are mistaking me for another poster:
http://forums.moneysavingexpert.com/showpost.html?p=14497783&postcount=111

However, if you still want to be argumentative then you could take a look at:
http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article4828053.ece

In particular: The Financial Services Authority, while extremely concerned, is thought to feel it does not have to step in unless there is an imminent danger of a run by depositors. B&B is strongly capitalised and has access to the Bank of England's Special Liquidity Scheme, which means it could limp on for some time. B&B believes it has sufficient liquidity to last until the end of next year.

bristolleedsfan

dunstonh wrote: »

Having checked back, I never said "until end of 2009". If you are going to be rude and use quotes then at least quote correctly rather than make it up.

I believe you are mistaking me for another poster:
quote]


Two of us mistakenly formed an opinion that you posted stating that B+B had funding until the end of 2009,;) yet you were able to find a article stating the same thing, yet none of the three links you provided initially said anything of the sort.

Post no 28 you didnt dispute the contents of, you were merely issued a rude response playing to the apparent audience.

( BTW, There may not be any trace now of you saying it ,;) it was you that said it.;) The linked article you provided in post 35 vindicated you saying it.;) )




View Single Post Yesterday, 10:04 PM #33 dunstonh
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Quote:
Dunstonh's throw-away remark that the B&B had "cash to last until end of 2009" possibly persuaded people not to sell their shares!

Never mind, it's only money.

But it does serves to demonstrate one should exercise extreme caution when following anybody's advice, including advice from an IFA.



This is not a forum to use to promote your anti IFA stance. Go and do it elsewhere you idiot.

Edwina seems to think I am responsible for what is published in the media. All the papers and news sites published that B&B had funding until 2009. Yet Edwina troll decides that I am responsible for that.

Telegraph : http://www.telegraph.co.uk/finance/f...st-resort.html

Independent: http://www.independent.co.uk/news/bu...bt-814114.html

Times: http://business.timesonline.co.uk/to...cle3928033.ece



I am an Independent Financial Adviser.

Anything posted on this forum is for discussion purposes only. It should not be considered financial advice. Different people have different needs and what is right for one person may be different for another. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser who can advise you after finding out more about your situation.

edwinac_2

Is Dunstonh another one who obliterates his spoor? They say only the craftiest beasts do that.

Besides, why does he tell everyone "I am an Independent Financial Adviser", if not to tout for business...

Live by the sword and die by it..

bristolleedsfan

edwinac wrote: »

Is Dunstonh another one who obliterates his spoor? They say only the craftiest beasts do that.

quote]


U could report Post 33 to abuse ( for abuse) admin are able to retrieve deleted posts.

The reason I quoted post 33 was so that it didnt get deleted or edited.


Anyone who questions what a IFA says is an "idiot" or is being "argumentative" or is "rude"

Lokolo

What is it with everyone whining and complaining at the moment. Jeez liven up people, you're not dead yet.

dunstonh

Two of us mistakenly formed an opinion that you posted stating that B+B had funding until the end of 2009,;) yet you were able to find a article stating the same thing, yet none of the three links you provided initially said anything of the sort.

I gave up posting links. Three was enough. However, you appear to need more.

Post no 28 you didnt dispute the contents of, you were merely issued a rude response playing to the apparent audience.

I saw no reason to respond by picking one word and twisting it. Edwina is clearly a troll or has issues and is using me as an excuse to vent them.

You clearly seem to be the same.

( BTW, There may not be any trace now of you saying it ,;) it was you that said it.;) The linked article you provided in post 35 vindicated you saying it.;) )

I havent deleted any posts. In fact the one post I did make reference to B&B funding is still there and clearly unedited and does not say "until end". It doesnt say to 2009 or into 2009 either.

Besides, why does he tell everyone "I am an Independent Financial Adviser", if not to tout for business...

1 - Board rules
2 - Compliance dept request

U could report Post 33 to abuse ( for abuse) admin are able to retrieve deleted posts.

They wont find it as nothing deleted.

Stavros_3

Come on peeps, can we put this disagreement to bed please. There are far more important issues to discuss like whether Gordy and Captain eyebrows will follow the Irish line and give a protection to all UK banks. If you look at the papers this morning several are reporting an exodus of billions of pounds to Irish banks.