Wake up...... IT'S OVER

fellakel

What I will say is I have just completed on my house sale (Birmingham) - had to drop the price by 5% - the house is just normal and was priced ambitiously. Went on the market on Tuesday - I had 2 offers on the Sundayand a sale agreed on the monday.

so sold in 6 days in the "worst recession ever"!(forgot to mention - tis was also the week before xmas)

Not a boast, but just want to state that WE the public are making this worse with our self fulfilling prophecies of a never ending recession. It cant go on forever and at some point the tide has to change. Nobody (the govt, "experts", the media )knows the day when things will stop getting worse; there wont be a headline in the times saying "recession will be over on April 4th" because they dont know.

Maybe today is the day things will start getting better???


lets hope so

anyway off for the day now - see ya

chucky

sabretoothtigger wrote: »

I think the leaked memos are flawed in that they are not proper profit loss accounts. Any bank that doesnt make a profit is in trouble, thats the nature of leveraging but whats lacking there is the cost and loss side to the profits, writedowns and the real bad news has not been leaked alongside the good news.

http://uk.biz.yahoo.com/18032009/323/bofa-repay-unwanted-funds-2010.html

sabretoothtigger

[SIZE=-1]Comptroller

:laugh:

I need one of those

That is impressive, I thought they were tanking. Their share price definitely has

[/SIZE]

[SIZE=-1]would probably shell out nearly three billion dollars in dividends on the shares.

[/SIZE]

Compared to our own barclays skipping their divi of £2 bn

The american pref deal was much nicer then ours especially if they pay it off early. I do find it hard to believe they swallowed all that toxic debt and barely burped but then Ive no idea of the figures on the deal really Their divi will still be less then Merrill paid in bonuses


That explains why xlf just jumped 10% on the day, I was just thinking great that will surely fall back rising so quick