Nationalise The Banks & Building Societies

simon-dupree

(BECAUSE THEY WILL BE NEXT) ,LOCK STOCK AND BARREL

They have all messed up big time.They caused this themselves.Never mind putting more money into the greasy banks hands ,they have been screwing the british public and raking off huge bonuses to boot for years concocting this mess,enough is enough they will be smug as hell with us again once we put them back on their feet.

Take them over FULLY with public money and freeze the shareholders ever dwindling funds with a five year moratorium to pay them back (if they are lucky) .They know shares are for the long term and they will have to wait for their money.Bad mortgages should be re financed over 40 years with much lower payments to help people over a longer period and eventually if we are lucky the taxpayer will get his money back.

baby_boomer

It'd make the best buy people at Money Saving Towers redundant overnight.

And what about our savings rates?

Aegis

simon-dupree wrote: »

(BECAUSE THEY WILL BE NEXT) ,LOCK STOCK AND BARREL

They have all messed up big time.They caused this themselves.Never mind putting more money into the greasy banks hands ,they have been screwing the british public and raking off huge bonuses to boot for years concocting this mess,enough is enough they will be smug as hell with us again once we put them back on their feet.

Take them over FULLY with public money and freeze the shareholders ever dwindling funds with a five year moratorium to pay them back (if they are lucky) .They know shares are for the long term and they will have to wait for their money.Bad mortgages should be re financed over 40 years with much lower payments to help people over a longer period and eventually if we are lucky the taxpayer will get his money back.

My employer seems to be fine at the moment actually. Pretty cautious lending seems to have more or less paid off for HSBC. I don't see why or even how you could nationalise HSBC when most of its operations are outside the UK, in any case.

maypole

Alistair Darling is to make an announcment tomorrow morning, apparently they are going to inject cash in the UK banks which will in effect mean part nationalisation.
If this is the case, perhaps they should start paying Civil Service salaries, instead of the big bonuses to the higher ups;)

cvd

In addition to HSBC (probably the safest international bank in the world), a few building societies which have followed the very traditional model are also doing well and increasing market share - primarily because they are facing much less competition!

simon-dupree

All the Building society branches look empty to me ,no mortgages being sold ,very little financial advice being sold and they all have OVERHEADS!

I agree HSBC is an exceptional bank but they have made their fair share of mistakes in the past although they do seem to have a better business model than some of the others.The problem is we are facing DEFLATION of assets and the knock on effect is going to test everyone to the limit.With unemployment rising badly because of the slump in sales activity . Houses will be repossessed and sold off in a falling market as asset values plummet everyone will loose.Just look at America its happening there now.

This will be the same for the leveraged buyouts of business that did their sums on paying loans off on levels of sales in a boom not a bust. The whole structure of the financial system is going to be tested and only the very strong will survive.

simon-dupree

GLAD THE GOVERNMENT LISTENED TO ME

baby_boomer

Did I miss the building society nationalisations?

bristolleedsfan

simon-dupree wrote: »

All the Building society branches look empty to me ,.

Bar Nationwide branches, most BS branches in Bristol were empty most of the time even before the current lending meltdown.