Spain's Bankia plunges on reports of massive withdrawals

The_J

Graham_Devon wrote: »

That being just one of them!

Mortgage rates won't rise without BOE rates rising, we'd be idiots to think that!!

The irony. Your little clique does not like being destroyed on a continuous basis by those with experience, knowledge and who don't toe the "Misery Bear" line.

I've wondered why there were so many triumphalist's of doom here. I've considered political leaning, financial leaning even intelligence leaning but I really think it boils down to an empty, unfulfilled and unsatisfactory life that only has meaning if others are bought down to the same level.

It is absolutely pathetic and I pity you.

edit: I see you added on a bit about mortgage rates and the BOE base rate. What are you talking about? Of course mortgage rates don't follow the base rate? The fact you think that snippet of information is at all momentous just illustrates how devoid of knowledge on the subject you are. Noone in finance would ever even think to mention that. Only someone who had just realised it would.

abaxas

"Winter is coming"

brit1234

The_J wrote: »

You're an idiot and have no concept of what is a bad bank. Just to clarify, they bought Abbey (not a bad bank), A&L (already owned by Abbey, also not a bad bank) and B&B (who had a bad mortgage book which guess what SANTANDER DIDN'T BUY). You are an absolute grade A moron.

Really, that why there was Government intervention to broker the deal. Why would the Government intervene if there was nothing wrong.;)

The_J wrote: »

Caught out on that thread? Rose tinted glasses mate or just blind? I kicked !!!, taught people the meaning of debt, my advice was spot on and I stand by it.

Just everyone else disagreed with you and they offered safe prudent financial advice. Where you were encouraging deeply indebt people to get into even more debt and stretch themselves.

I may not be a financial advisor but I am a qualified expert in risk, I could clearly see your advice was wrong and so did everyone else.

The_J wrote: »

You may understand that if you ever manage to find a girl who can spend more than 5 minutes with you and want to start a family.

Are you now posing as a relationship advisor as well? :rotfl:

One more thing:

The_J

brit1234 wrote: »

Really, that why there was Government intervention to broker the deal. Why would the Government intervene if there was nothing wrong.;)

The Government had bailed out B&B. They then split the bank into two and sold the branches and deposits to Santander and left the mortgage book in the existing company. I think it's still called Bradford & Bingley.

The Government didn't broker the deal, they were part of it. This happened in 2008 !!!!!!, it's not a history lesson. It's probably on wikipedia.

I'm not going to talk about that other thread to keep this on topic. Needless to say a couple with £1600 free each month were wondering if they could extend their mortgage to give their children a better quality of life. A bank was prepared to do this for them, I mentioned this. Other people (known 'Misery Bears') disagreed and put their views across. Good healthy debate.

FTBFun

brit1234 wrote: »

I may not be a financial advisor but I am a qualified expert in risk, I could clearly see your advice was wrong and so did everyone else.

What does this mean exactly? Aren't you a copper?

brit1234

FTBFun wrote: »

What does this mean exactly? Aren't you a copper?

Yeap with a degree in risk/disaster management. Doing prep reading for my masters in a related subject for my masters after the Olympics.

Understanding vulnerabilities and portential hzards is useful in my work. Applied what I learnt there and the forces and made big difference in crime reductions in the patches I have worked.

The fields I didn't cover at uni were economics and politics. Since Uni I have learnt this and related it to my field. Hence the reason I haven't bought a home yet and have the funds with the perfect credit background to pounce when the time is right. I have gold and silver, large amounts of cash and making the most of the buying opportunities for shares over this year.

Knowledge is power.

HAMISH_MCTAVISH

brit1234 wrote: »

I have gold and silver.

Oh dear....

DpchMd

brit1234 wrote: »

I have gold and silver, large amounts of cash.

Where/how did you make your money?

FTBFun

brit1234 wrote: »

Yeap with a degree in risk/disaster management. Doing prep reading for my masters in a related subject for my masters after the Olympics.

To be fair that doesn't really make you a "qualified expert". My degree is in law and I would never claim I am an expert in that.

The fields I didn't cover at uni were economics and politics. Since Uni I have learnt this and related it to my field. Hence the reason I haven't bought a home yet and have the funds with the perfect credit background to pounce when the time is right. I have gold and silver, large amounts of cash and making the most of the buying opportunities for shares over this year.

Knowledge is power.

Surely you're in the perfect position to buy now then. You can't wait forever surely? IMO it appears that your study of risk has perhaps made you a little too risk adverse when it comes to purchasing property.

CLAPTON

interesting that Santander is paying a 13.4% dividend at the moment