Crash Crash Crash !!!!!!!!!!!!!!!!!!!!!!!!!!!

sabretoothtigger

[SIZE=-1]FACTBOX-Bank bailouts around the world

Jan 27 (Reuters) - Russia and Sweden are planning capital injections for their banking sectors, according to reports on Tuesday, as the number of industrialized countries stepping in to protect their lenders from possible collapse grows.

Government sources said Russia plans a 900 billion-rouble ($27.4 billion) capital injection for commercial banks hit by the economic crisis, while a newspaper in Sweden said the government there was set to present a plan to offer state capital to its banks.
Following are other bank bailouts since September:

AUSTRIA
Nov. 3 -- Buys 99.8 percent of Kommunalkredit for a nominal sum and says will inject fresh capital. Takes 49 percent stake of Franco-Belgian group Dexia (Brussels: DEXB.BR - news) and the 50.8 percent stake of Oesterreichische Volksbanken AG (Vienna: VBPS.VI - news) for 1 euro each.

BELGIUM, FRANCE, LUXEMBOURG & NETHERLANDS
September -- Belgian, French and Luxembourg governments and shareholders pledge 6.4 billion euros ($8.45 billion) to bail out Franco-Belgian bank Dexia.

Sept. 29 -- The Belgian, Dutch and Luxembourg governments agree to inject 11.2 billion euros into Fortis (Amsterdam: FORAL.AS - news) . Each government would take a 49 percent stake in Fortis banks in their respective countries.

BRITAIN
Sept. 29 -- Nationalises Bradford & Bingley (LSE: BB.L - news) , saying the Treasury would take over its 50 billion pound ($70.55 billion) mortgage portfolio, and sell its deposits and branches to Spanish bank Santander

Oct. 13 -- Announces plans to give Royal Bank of Scotland (LSE: RBS.L - news) (RBS), Lloyds TSB, and HBOS a 37 billion pound ($64 billion) cash injection. The government would take equity stakes in each of the banks.

Nov 28 -- Buys 58 percent stake in RBS for 15 billion pounds after shareholders shun bank's share offer

Jan. 19 -- Launches a second bank rescue plan, under which the Bank of England would set up an asset purchase programme to buy private sector assets with an initial fund of 50 billion pounds

DENMARK
Sept. 22 -- Central bank (CBSU.PK - news) stepped in to secure liquidity at Ebh Bank (Copenhagen: EBH.CO - news) . Ebh did not say how much liquidity it had received, or which Danish banks joined with the central bank in the cash booster.

GERMANY

Sept. 29 -- Agrees to provide the bulk of 35 billion euros in credit guarantees for Hypo Real Estate (Xetra: HRX.DE - news) . Commercial banks and insurers agree on Oct. 5 to provide another 15 billion euros in liquidity to Hypo in deal brokered by the government.

Jan. 8 -- Commerzbank (Xetra: CBK.DE - news) says the government to take stake of 25 percent plus one share. Bank would get a total of 18.2 billion euros in state capital plus 15 billion in guarantees.

Dec. 1 -- State of Bavaria says it will inject 10 billion euros into BayernLB, the lender it partly owns. BayernLB would get a further 20 billion euros of state guarantees.

ICELAND

Sept. 29 -- Agrees to buy a 75 percent stake in Glitnir for 600 million euros ($878 million).

Oct. 7 -- Takes control of Landsbanki

Oct. 9 -- Takes control of Kaupthing

IRELAND
Jan. 15 -- Nationalises Anglo Irish Bank. Government had already agreed in December to inject an initial 1.5 billion euros of core tier 1 capital via preference shares for 75 percent of all voting rights in the bank.

UNITED STATES

Oct. 14 -- Announces plans to take equity stakes worth up to $250 billion in financial institutions, with half going to Citigroup Inc (NYSE: C - news) , JPMorgan Chase, Morgan Stanley (NYSE: MS - news) , Goldman Sachs Group, Bank of America Corp (NYSE: IKJ - news) and Merrill Lynch (NYSE: MER - news) & Co, Wells Fargo & Co, State Street Corp (NYSE: STT - news) and Bank of New York Mellon Corp.

Nov. 23 -- Announces rescue package for Citigroup Inc, agreeing to shoulder most losses on about $306 billion of the bank's risky assets. A further $20 billion of new capital is offered the following day.

Jan. 16 -- Gives Bank of America Corp a $20 billion bailout and a guarantee for about $100 billion of potential losses on toxic assets.

($1=.7573 Euro)
($1=.7087 Pound)
(Writing by Jijo Jacob and David Cutler; editing by Karen Foster) Keywords: FINANCIAL BANKS/BAILOUTS
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http://uk.biz.yahoo.com/27012009/323/factbox-bank-bailouts-around-world.html

sabretoothtigger

Will property prices stabilise this year?
Capital Economics says prices will not stabilise until early 2010.



Are we heading for bankruptcy?
Britain's debt is at record levels, sterling is falling like a stone, and investors are pushing up bond yields – a sure sign they want proper compensation for lending to the Government. But the bailiffs are only a distant prospect.


Do Brown and Darling know what they're doing?
Possibly. They err on the side of avoiding the worst. If throwing money at the problem averts a slump, it'll have been worth it. If it doesn't, we'll just have to get used to Swedish levels of tax for a decade or so.


The pound – is it all over?
Unlikely. Goldman Sachs last week told its clients to stick with sterling, which it expects to bounce back quite soon.



Finally, should I emigrate, and, if so, to which country?
The Independent's Simon Calder recommends New Zealand or Dubai.

http://www.independent.co.uk/news/business/analysis-and-features/the-experts-view-twenty-questions-you-were-afraid-to-ask-1515312.html

IveSeenTheLight

sabretoothtigger wrote: »

http://www.independent.co.uk/news/business/analysis-and-features/the-experts-view-twenty-questions-you-were-afraid-to-ask-1515312.html

Finally, should I emigrate, and, if so, to which country?
The Independent's Simon Calder recommends New Zealand or Dubai.

Have you seen the rise in property prices in Dubai

sabretoothtigger

Build a sand castle I think Ive seen some grand efforts to that effect out that way

New zealand is a great place, has terrain of every type in such a small place, not sure about the economy but apparently Australia has no government debt until recently anyway

sabretoothtigger

sabretoothtigger

Economic stimulus bill moves through US Congress




Here is the status of the $825 billion bill, which aims to jump-start an economy in recession since December 2007:

* $365.6 billion: The Senate Appropriations Committee approved its part of the huge spending bill -- $365.6 billion for construction projects, to improve the health care system and other priorities.

The Senate Finance Committee was working on the tax-cut portion.
It added $70 billion to the cost of the overall bill when it voted a one-year fix of the Alternative Minimum Tax to shield middle-class taxpayers from paying higher taxes than wealthy Americans.

* $358 billion: The House Appropriations Committee approved its version of the major spending portion of the package, which also includes a boost in the federal investment in education and an expansion of food aid programs. No Republican on the panel voted for the bill.

* $367 billion: The House Ways and Means Committee approved a second part of the stimulus bill. The $367 billion includes (figures rounded up):

- $275 billion in temporary tax cuts for workers, tax incentives to produce renewable energy, and breaks for builders and other companies that would be allowed to write off current losses against five previous tax years.

- $48 billion to help unemployed people keep their health insurance and to invest in health information technology.

- $46 billion for expanded unemployment benefits and aid to needy families and child support.
This measure also was approved on a partisan vote.

* $100 billion: The House Energy and Commerce Committee approved a third component that includes money to improve broadband Internet access, invest more in clean energy and energy efficiency. It also has about $87 billion to help states pay increasing Medicaid health insurance costs for the poor.

http://www.reuters.com/article/governmentFilingsNews/idUSN2748004820090128

RDB

novazombie wrote: »

Yes one town in Wales used to be full of Polish and similar builders/plasterers etc. They were filling up all the small houses and flats. Now they have nearly all moved back the only ones that havent are the unfortunate few who bought homes instead of renting. But they are trying desperately to sell quickly even accepting very low offers so they can move home where they can earn more money in Euros. The Pound is so low now foreigners just want to move abroad its so easy to earn more per hour than in the UK.


This place is an example, 70K for a huge place with full planning to be be 2 flats-

http://www.rightmove.co.uk/property-for-sale/property-20614399.html?pageNumber=1&backToListURL=%2Fproperty-for-sale%2Ffind.html%3FsearchType%3DSALE%26locationIdentifier%3DPOSTCODE%255E3820229%26radius%3D0.5%26displayPropertyType%3D%26minBedrooms%3D%26maxBedrooms%3D%26minPrice%3D%26maxPrice%3D%26maxDaysSinceAdded%3D%26_includeSSTC%3Don%26sortByPriceDescending%3Dfalse%26primaryDisplayPropertyType%3D%26secondaryDisplayPropertyType%3D%26oldDisplayPropertyType%3D%26oldPrimaryDisplayPropertyType%3D%26oldSecondaryDisplayPropertyType%3D%26newHome%3D%26retirement%3D%26auction%3Dfalse%26partBuyPartRent%3Dfalse%26x%3D119%26y%3D14&locationIdentifier=POSTCODE^3820229&radius=0.5

apparently a Polish builder was going to make into 2 flats and has got planning permission, but now its just not worth it.

This is a far better buy for 75K. You could move in right away no work needed. Then you could slowly build the other story on top and you end up with 2 terraced houses.

http://www.rightmove.co.uk/property-for-sale/property-11913012.html?locationIdentifier=POSTCODE%5E3820229&sortByPriceDescending=false&radius=0.5&pageNumber=1&backToListURL=%2Fproperty-for-sale%2Ffind.html%3FsearchType%3DSALE%26locationIdentifier%3DPOSTCODE%255E3820229%26radius%3D0.5%26displayPropertyType%3D%26minBedrooms%3D%26maxBedrooms%3D%26minPrice%3D%26maxPrice%3D%26maxDaysSinceAdded%3D%26_includeSSTC%3Don%26sortByPriceDescending%3Dfalse%26primaryDisplayPropertyType%3D%26secondaryDisplayPropertyType%3D%26oldDisplayPropertyType%3D%26oldPrimaryDisplayPropertyType%3D%26oldSecondaryDisplayPropertyType%3D%26newHome%3D%26retirement%3D%26auction%3Dfalse%26partBuyPartRent%3Dfalse%26x%3D97%26y%3D22

Rochdale_Pioneers

sabretoothtiger - thanks for the detailed factbox. But don't post that! Apparently its only the UK borrowing money to fling at the banks!

Yoshua

RDB wrote: »

This is a far better buy for 75K. You could move in right away no work needed. Then you could slowly build the other story on top and you end up with 2 terraced houses.

http://www.rightmove.co.uk/property-for-sale/property-11913012.html?locationIdentifier=POSTCODE%5E3820229&sortByPriceDescending=false&radius=0.5&pageNumber=1&backToListURL=%2Fproperty-for-sale%2Ffind.html%3FsearchType%3DSALE%26locationIdentifier%3DPOSTCODE%255E3820229%26radius%3D0.5%26displayPropertyType%3D%26minBedrooms%3D%26maxBedrooms%3D%26minPrice%3D%26maxPrice%3D%26maxDaysSinceAdded%3D%26_includeSSTC%3Don%26sortByPriceDescending%3Dfalse%26primaryDisplayPropertyType%3D%26secondaryDisplayPropertyType%3D%26oldDisplayPropertyType%3D%26oldPrimaryDisplayPropertyType%3D%26oldSecondaryDisplayPropertyType%3D%26newHome%3D%26retirement%3D%26auction%3Dfalse%26partBuyPartRent%3Dfalse%26x%3D97%26y%3D22

Yeah it seems like a good buy. Other houses in the same Street sell for 2x that amount and flats (half a house) sell for the same amount. So if you did build on top and end up with 2 terraced houses or multiple flat for 75K plus building costs it would be a very good buy.

But I cant find any info at all on propertybee etc. Why is there no history of this place, it was built in 2000.

The land registry should have records of whatever was there before it was built.

Can anyone else find any info on it.

http://www.rightmove.co.uk/property-for-sale/property-11913012.html?locationIdentifier=POSTCODE%5E3820229&sortByPriceDescending=false&radius=0.5&pageNumber=1&backToListURL=%2Fproperty-for-sale%2Ffind.html%3FsearchType%3DSALE%26locationIdentifier%3DPOSTCODE%255E3820229%26radius%3D0.5%26displayPropertyType%3D%26minBedrooms%3D%26maxBedrooms%3D%26minPrice%3D%26maxPrice%3D%26maxDaysSinceAdded%3D%26_includeSSTC%3Don%26sortByPriceDescending%3Dfalse%26primaryDisplayPropertyType%3D%26secondaryDisplayPropertyType%3D%26oldDisplayPropertyType%3D%26oldPrimaryDisplayPropertyType%3D%26oldSecondaryDisplayPropertyType%3D%26newHome%3D%26retirement%3D%26auction%3Dfalse%26partBuyPartRent%3Dfalse%26x%3D97%26y%3D22

crazygaijin

Yoshua wrote: »

Yeah it seems like a good buy. Other houses in the same Street sell for 2x that amount and flats (half a house) sell for the same amount. So if you did build on top and end up with 2 terraced houses or multiple flat for 75K plus building costs it would be a very good buy.

But I cant find any info at all on propertybee etc. Why is there no history of this place, it was built in 2000.

The land registry should have records of whatever was there before it was built.

Can anyone else find any info on it.

http://www.rightmove.co.uk/property-for-sale/property-11913012.html?locationIdentifier=POSTCODE%5E3820229&sortByPriceDescending=false&radius=0.5&pageNumber=1&backToListURL=%2Fproperty-for-sale%2Ffind.html%3FsearchType%3DSALE%26locationIdentifier%3DPOSTCODE%255E3820229%26radius%3D0.5%26displayPropertyType%3D%26minBedrooms%3D%26maxBedrooms%3D%26minPrice%3D%26maxPrice%3D%26maxDaysSinceAdded%3D%26_includeSSTC%3Don%26sortByPriceDescending%3Dfalse%26primaryDisplayPropertyType%3D%26secondaryDisplayPropertyType%3D%26oldDisplayPropertyType%3D%26oldPrimaryDisplayPropertyType%3D%26oldSecondaryDisplayPropertyType%3D%26newHome%3D%26retirement%3D%26auction%3Dfalse%26partBuyPartRent%3Dfalse%26x%3D97%26y%3D22

No I cant find any info on it.

But I can find lots of info about this place

http://www.rightmove.co.uk/property-for-sale/property-24334970.html?locationIdentifier=POSTCODE%5E752519&sortByPriceDescending=false&radius=1.0&pageNumber=1&backToListURL=%2Fproperty-for-sale%2Ffind.html%3FlocationIdentifier%3DPOSTCODE%255E752519%26sortByPriceDescending%3Dfalse%26radius%3D1.0

now its only 60k and could be 2 flats.