Debate House Prices


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Bradford and Bingley Default

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Comments

  • System
    System Posts: 178,288 Community Admin
    10,000 Posts Photogenic Name Dropper
    mbga9pgf wrote: »
    Its all possibly about to get interesting!!!!

    Cant wait to see LIBOR and CABLE over the next 24 hours!

    As you were looking forward to it so much I thought I'd be nice and post it here :)

    LIBORs 1st June

    3mth 1.27250 (2pts lower than a week ago)
    6mth 1.48438 (2pts lower than a week ago)
    12mth 1.75375 (2pts lower than a week ago)

    Thanks to Monkfish for the inph0z.
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • mewbie_2
    mewbie_2 Posts: 6,058 Forumite
    1,000 Posts Combo Breaker
    Joeskeppi wrote: »
    LIBORs 1st June

    3mth 1.27250 (2pts lower than a week ago)
    6mth 1.48438 (2pts lower than a week ago)
    12mth 1.75375 (2pts lower than a week ago)
    Sounds great! Does it help dissolve our record debt mountain, or is that just going to be more tax and cuts in public services when the next govt. comes to power?
  • System
    System Posts: 178,288 Community Admin
    10,000 Posts Photogenic Name Dropper
    mewbie wrote: »
    Sounds great! Does it help dissolve our record debt mountain, or is that just going to be more tax and cuts in public services when the next govt. comes to power?

    Dunno, was just helping mbga out.
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • Pricy147
    Pricy147 Posts: 1,320 Forumite
    I still want to know when I will get my compensation for my B &B shares prior to nationalisation! No news on it since around December / January!
    To Stooze or Not To Stooze - Theres only one option :D
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    Pricy147 wrote: »
    I still want to know when I will get my compensation for my B &B shares prior to nationalisation! No news on it since around December / January!

    Presumably exactly what they were worth at the time.

    My belief is that is £0.00/share as they were effectively insolvent. What value did you have in mind?
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Generali wrote: »
    Presumably exactly what they were worth at the time.

    My belief is that is £0.00/share as they were effectively insolvent. What value did you have in mind?

    The shareholders should be offered the chance to buy them back. :rolleyes:
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    Thrugelmir wrote: »
    The shareholders should be offered the chance to buy them back. :rolleyes:

    I suspect they will only at a price that includes a small contribution towards taxpayers' money that has been injected to keep them solvent.

    People keep banging on about how the taxpayer is going to make a massive profit on bank nationalisations. Don't believe it. Governments have a lousy track record of investing. Remember British Leyland?
  • purch
    purch Posts: 9,865 Forumite
    People keep banging on about how the taxpayer is going to make a massive profit on bank nationalisations

    They might/should make a decent return on some of the assets.

    I don't think the B&B Mortgage book will be one of them.
    'In nature, there are neither rewards nor punishments - there are Consequences.'
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Generali wrote: »
    People keep banging on about how the taxpayer is going to make a massive profit on bank nationalisations. Don't believe it. Governments have a lousy track record of investing. Remember British Leyland?

    That was a different era......
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    Thrugelmir wrote: »
    That was a different era......


    I know old boy, it's different this time......
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