Got any good ideas...

MSE_Martin

Looking for new money rules to send to politicians, want to help start it off...

See

http://forums.moneysavingexpert.com/showthread.html?p=21117889#post21117889

mewbie_2

My only suggestion at present is that you use a proof reader for some of the rules before sending...

for example "This viscious circle".

Generali

mewbie wrote: »

My only suggestion at present is that you use a proof reader for some of the rules before sending...

for example "This viscious circle".

Ooooh, poor show old chap. Anyone can dance to the typo tune. Nobody is imune to a spot of bad speeling now and again.

mewbie_2

Generali wrote: »

Ooooh, poor show old chap. Anyone can dance to the typo tune. Nobody is imune to a spot of bad speeling now and again.

Rather than just being a nit picker though, I still think any correspondence I receive needs to be spelt correctly. The message it conveys might be really useful or important, but if that message isn't reasonably grammatically correct then it can go in the bin.

Sort of 'shoot the messenger'.. if he can't be bothered to present himself properly then why should I listen to the message?

So there was a purpose behind it, rather than just being cheeky to MSE Martin.

edit: oh how many times I checked that post of mine for typos.

MSE_Martin

Sorry, normally we proof the official posts - this wont be in the email till next week and i wanted to get the ball rolling will get viscious now ;0

fc123

Come on guys IDEAS....Martin has popped this onto other boards too....do you want to be upsatged by The Arms...or DT?

BTW, I haven't got one yet....could plagiarise one from elswhere though ;-)

bubblesmoney

people invest in shares and their investments need to be made after getting adequate information from the companies and regulators involved.

for that to happen. the companies MUST disclose their true assets and losses and bad investments (toxic assets). if any asset is maked to model then an addendum MUST be disclosed in the accounts as to its present equivalent mark to market value as well for people to get a sense of proportion of how this mark to model valuations in company accounts is compared to the actual situation.

if companies in good financial position are arm twisted by govt to buy other companies in bad financial position (eg lloyds buying HBOS) then the true extent of the losses in the bad bank should be disclosed to the existing shareholders of the good bank. otherwise the existing shareholders of the good financial institutions are made scape goats and defrauded by connivance of the govt in hiding the true extent of the losses which are not disclosed to the public even though it is material to the share valuations. any such transaction that is made by hiding the true extent of the losses and consequently defrauds ordinary share holders should be indemnified by the govt as it has colluded in the non disclosure of the losses in the bank being taken over by the good bank.

same applies to earlier rights issues of RBS etc where people bought more shares when the company and regulators kept the share holders in the dark about the extent of the losses which had a bearing on share valuations.

Dithering_Dad

Non-guaranteed income such as bonuses and overtime excluded from mortgage and loan calculations.

All interest only mortgages MUST have an adequate repayment vehicle. Any closure, or missed premiums or shortfalls of said repayment vehicle to be reported to mortgage company by the investment company.

vivatifosi

Council tax in England:

Finally allow members of the public access to house price data from 1991. That way people will be able to accurately assess whether they are likely to have a successful appeal rather than the VOA holding all the information and declaring what should by rights be a successful appeal invalid.

fc123

All lending to be unsecured except 1st mortgage on home one lives in.

That includes companies who use shares to guarantee loans.

No more equity loans...nothing.

OK, companies may have to slow growth as they can't secure the loans...but once the banks get used to it and free up a bit, it would pan out.

So, all lending unsecured and the lender chooses how much to lend.
At first, it will be small as they will be nervy, but after a time, it will force the lenders to properly assess the risks.

Most borrowers intend to repay...but some will default. Up to the banks to work out the risk cost to themselves and price that cost into the loan.


2; no variable rates throughout life of loan. Starting int rate is the one for the term. Fixed in stone.

vivatifosi

Energy companies:

Instead of writing to say that they've lowered or increased the rates with little additional detail, they should show both tariffs and the percentage difference(s).