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Bad morning in the markets

24567…10

Comments

  • Realy
    Realy Posts: 1,017 Forumite
    tr3mor wrote: »
    Are you mad? Isn't this the crux of the problem?

    :confused:

    No you are insolvent and can go under if you can't pay the wages (you could go under for a £1 if you cant pay it back).
    It does not mean their debts are greater than its creditors or assets.

    Why do people think banking liquidity is different to any other company?

    PS not mad no but thanks for your kind words.

    PPS From what I gather banks are having problems financing their day to day stuff wages etc.
    I heard off the grape vine HBOS were borrowing 7 points over libor pre buy out to fund day to day activities. They still have to fund running the business and if they are not making money at the moment or it they have insufficient cash flow it puts them at risk.
    The same as any other company, individual etc.
  • ems2
    ems2 Posts: 665 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    Banks used to run a 50/50 lending deposit ratio, now most of them run a 70-80/30-20. Of course this is the problem
  • wolfman
    wolfman Posts: 3,225 Forumite
    Yeah the FTSE is down 4.5% already and I've not even had a coffee yet.

    Bit worrying. I'm keeping an eye on the Icelandic market. I've got a couple of cash ISA's over there. Not gonna bother moving them or try to as that'll just make matters worse. Don't want to see my money disappear. It could be a real pain claiming it back via the FSA.
    "Boonowa tweepi, ha, ha."
  • Realy
    Realy Posts: 1,017 Forumite
    Why do people on here think the goverment is less likley to nationalise a bank to guarantee depositers?
    If they pay out 100% the tax man pays either way so I can see nothing else happening other than a green light for nationalisation or massive bail outs for banks.

    where is the money going to come from if not the tax payer?
  • SingleSue
    SingleSue Posts: 11,718 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Now down 5.27%

    Very scary!
    We made it! All three boys have graduated, it's been hard work but it shows there is a possibility of a chance of normal (ish) life after a diagnosis (or two) of ASD. It's not been the easiest route but I am so glad I ignored everything and everyone and did my own therapies with them.
    Eldests' EDS diagnosis 4.5.10, mine 13.1.11 eekk - now having fun and games as a wheelchair user.
  • iolanthe07
    iolanthe07 Posts: 5,493 Forumite
    deafening silence from horseinhat
    I used to think that good grammar is important, but now I know that good wine is importanter.
  • Treadmill
    Treadmill Posts: 1,102 Forumite
    SingleSue wrote: »
    Now down 5.27%

    Very scary!

    Its only scary if you own shares, if you are potless like most of the country it doesn't make much difference what the FTSE is doing
  • SingleSue
    SingleSue Posts: 11,718 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    I don't own shares at all...it's scary to me because it is an indication of how bad things are at the moment.
    We made it! All three boys have graduated, it's been hard work but it shows there is a possibility of a chance of normal (ish) life after a diagnosis (or two) of ASD. It's not been the easiest route but I am so glad I ignored everything and everyone and did my own therapies with them.
    Eldests' EDS diagnosis 4.5.10, mine 13.1.11 eekk - now having fun and games as a wheelchair user.
  • Realy
    Realy Posts: 1,017 Forumite
    Treadmill wrote: »
    Its only scary if you own shares, if you are potless like most of the country it doesn't make much difference what the FTSE is doing

    Of course it does not affect your pension fund or any other investment linked to the FTSE in some way!:rolleyes:
  • neverdespairgirl
    neverdespairgirl Posts: 16,501 Forumite
    Treadmill wrote: »
    Its only scary if you own shares, if you are potless like most of the country it doesn't make much difference what the FTSE is doing

    Surely via pension funds etc an awful lot of people do have an interest in the FTSE?
    ...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.
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