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HPC, Market Oracle and Hat Trick reporting huge banking loan failure

beaujolais-nouveau
beaujolais-nouveau Posts: 651 Forumite
in Debate House Prices & the Economy
The bank that has failed is said to be the UK subsidiary of a US bank.

I suppose this means that LIBOR will go up ... a lot.

http://www.housepricecrash.co.uk/forum/index.php?showtopic=114359&st=0
YouGov: £50 and £50 and £5 Amazon voucher received;
PPI successfully reclaimed: £7,575.32 (Lloyds TSB plc); £3,803.52 (Egg card); £3,109.88 (Egg loans)
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Comments

  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    edited 13 May 2009 at 11:02PM
    beaujolais-nouveau wrote: »
    The bank that has failed is said to be the UK subsidiary of a US bank.

    I suppose this means that LIBOR will go up ... a lot.

    http://www.housepricecrash.co.uk/forum/index.php?showtopic=114359&st=0

    Wait a minute, I thought they were not lending to each other icon7.gif so they are not lending anything over 30 billion.

    he suspected (without much direct evidence) that it was Citigroup

    My understanding from the quote is it is a UK bank, may be a bit difficult for FED to intervene

    I thought Citibank was a US bank:confused:
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • 1984ReturnsForReal_2
    1984ReturnsForReal_2 Posts: 15,431 Forumite
    I knew I forgot to do something before I finished work yesterday.......
    Not Again
  • Andrew64
    Andrew64 Posts: 425 Forumite
    If a bank really has gone belly-up, you can be sure that the authorities will do everything in their power to keep the lid on it. I am sure they will keep quiet about it, and then if questioned on it - deny everything!
  • FoxtonsRIP
    FoxtonsRIP Posts: 323 Forumite
    Crisis, what crisis? It's just a normal everyday recession. ;)
  • adr0ck
    adr0ck Posts: 2,374 Forumite
    Part of the Furniture Combo Breaker
    hasn't this been going round cyberspace for weeks?
  • inspector_monkfish
    inspector_monkfish Posts: 9,276 Forumite
    beaujolais-nouveau wrote: »
    The bank that has failed is said to be the UK subsidiary of a US bank.

    I suppose this means that LIBOR will go up ... a lot.

    http://www.housepricecrash.co.uk/forum/index.php?showtopic=114359&st=0

    looks like a load of old nonsense to me

    seeing as it supposedly happened overnight of tues/weds of this week, i think we would have had some kind of confirmation by now...

    also LIBORs in USD, GBP and EUR all tumbled by a couple more points yesterday, and are forecast to do the same again today...
    Please take the time to have a look around my Daughter's website www.daisypalmertrust.co.uk
    (MSE Andrea says ok!)
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    edited 14 May 2009 at 9:16AM
    beaujolais-nouveau wrote: »
    The bank that has failed is said to be the UK subsidiary of a US bank.

    I suppose this means that LIBOR will go up ... a lot.

    http://www.housepricecrash.co.uk/forum/index.php?showtopic=114359&st=0

    more rubbish from the tin foil hat wearing nutters.

    Nadeem Walayat is an ex-trader who puts this stuff out with his own agenda with regards to the markets.

    who's Hat Trick anyway - another armchair economist who can't afford a house!?!

    Sabre Tooth believes he's really credible... yeah right :rotfl:
    chucky wrote: »
    sabretoothtigger wrote: »
    Whats his agenda apart from getting hits on his website maybe. I already thought what he said anyway, he just brings credible information, second opinions, research and long term success in predicting markets.

    I dont mind that kind of bias tbh, my problem with newspapers is they are just reporting what has happened or in this case repeating someone elses opinion.
    Always have your own opinion for your own reasons formed from a personal perspective, I dont see they've done that


    and don't forget that Nadeem Walayat still actively trades.

    not only does he have the doom scenario each time he writes his article but then still goes and trades the markets. if it's that bad - why trade?

    he obviously has his own agenda by putting out this information in the press through his own editorial or others and even contributions to web-sites to then trade against - classic bull trap.

    unless you are in with this by feeding this information to this site or others or you don't realise. my thoughts are not the latter because you're an intelligent chap :)
  • purch
    purch Posts: 9,865 Forumite
    HPC, Market Oracle and Hat Trick reporting

    "Reporting" ???? :rotfl:

    It's called spreading a totally unfounded rumour.....not reporting !!!!!

    Jim Willie is getting ever more desperate to prove himself right.

    He's wrong.....he's been wrong all the way through, and will continue to be wrong !!!!!
    'In nature, there are neither rewards nor punishments - there are Consequences.'
  • beaujolais-nouveau
    beaujolais-nouveau Posts: 651 Forumite
    inspector_monkfish wrote: »
    looks like a load of old nonsense to me

    seeing as it supposedly happened overnight of tues/weds of this week, i think we would have had some kind of confirmation by now..

    Well, watch this

    http://money.cnn.com/data/markets/

    My guess is that it could be a bank with a name not unrelated to hens.
    YouGov: £50 and £50 and £5 Amazon voucher received;
    PPI successfully reclaimed: £7,575.32 (Lloyds TSB plc); £3,803.52 (Egg card); £3,109.88 (Egg loans)
  • tuggy12
    tuggy12 Posts: 1,314 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    "just got word from a reliable source with an excellent track record"

    So they can't pin this on Gordon Brown then.
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