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Move your money out from under you matress and back into UK savings accounts
![[Deleted User]](https://us-noi.v-cdn.net/6031891/uploads/defaultavatar/nFA7H6UNOO0N5.jpg)
[Deleted User]
Posts: 0 Newbie
With the government taking stakes and placing their risk managers on the board of directors and tighter regulation you know these banks are safe. ALL UK BIG BANKS WILL BE SO WELL CAPITALISED THEY WILL HAVE MONEY FALLING OUT THERE EARS.
:beer:
Find all your loose change bag it up and put it into a UK savings account. You know it makes sense do it now!
Believe it or not this will prevent jobs being lost even a little bit helps thanks to the butterfly effect.
Why did the banks need to raise the money? Believe it or not the banks didnt need to. 2 years ago the FSA required the Tier one capital to be 4% so suitably misguided a Barclays and RBS reduced their tier one to 4% believing this would demonstrate efficiency to the shareholders. Then the world banks required 6% Tier one so Barclays go cap in hand to dubai and china and RBS go cap in hand to the shareholders.
Now the UK government wants 7.2% , so be rest assured after this week the banks will be SUPER CAPITALISED. :T:A:beer:
:beer:
Find all your loose change bag it up and put it into a UK savings account. You know it makes sense do it now!
Believe it or not this will prevent jobs being lost even a little bit helps thanks to the butterfly effect.
Why did the banks need to raise the money? Believe it or not the banks didnt need to. 2 years ago the FSA required the Tier one capital to be 4% so suitably misguided a Barclays and RBS reduced their tier one to 4% believing this would demonstrate efficiency to the shareholders. Then the world banks required 6% Tier one so Barclays go cap in hand to dubai and china and RBS go cap in hand to the shareholders.
Now the UK government wants 7.2% , so be rest assured after this week the banks will be SUPER CAPITALISED. :T:A:beer:
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Comments
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Well I've never taken any money out of my Abbey ISA. Maybe not the best around in terms of interest but now I'm glad I have it in there
Be careful who you open up to. Today it's ears, tomorrow it's mouth.0 -
No more "panic on the streets of London" in the words of Morrissey.
Abbey are included in the bailout Quasar. Lots of liquidity now, the banks go forth deleveraging and derisking. Take any money from under your mattresses and put it in the bank, your country and your fellow man needs you.0 -
No more "panic on the streets of London" in the words of Morrissey.
Abbey are included in the bailout Quasar. Lots of liquidity now, the banks go forth deleveraging and derisking. Take any money from under your mattresses and put it in the bank, your country and your fellow man needs you.
Oh I had no idea. Since Abbey are owned by Santander (a Spanish, unaffected bank) I thought they had been left 'untouched', so to speak. Well, at least so far anyway.Be careful who you open up to. Today it's ears, tomorrow it's mouth.0 -
All banks will get lots of free taxpayer cash to stave off regulatory margin calls.0
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