Building Society Windfall Signaway

caveman38

Does it really matter how you make or save money. Isn't this site geared up especially just for us take advantage of any great deals around at that moment or cashing in on any mistake a supermarket might make on offering too many loyalty points. We're all advised to get in there before say Tesco realise they've made a ricket.
When you watch "Martins Mutterings" he looks as though he is going to wet himself when he sees some little window of oppurtunity for us to save or make money however it might be made.
I say let's not judge carpetbaggers (there can't be too many mutuals likely to merge left) and just see it as another oppurtunity to make a bit of dosh.

bristolleedsfan

caveman38 wrote: »

I say let's not judge carpetbaggers (there can't be too many mutuals likely to merge left) and just see it as another oppurtunity to make a bit of dosh.

speculating on further consolidation within the mutual building society sector which enables directors/chairman of some mutual building societies to become even richer is probably a fairer way of putting it.

caveman38

Sad fact is that you and I cannot do anything about it. Whenever there is a demutualisation and you get the oppurtunity to vote. You will again be one of very few people voting to stay mutual. The vast majority want a bit of the action as well.
Fat cats have and will always do well. Look at the guy who resigned / sacked from the NR after that fiasco. Did he not walk away with a million. Where the small shareholder holds certificates worth 15% of their high value.

bristolleedsfan

caveman38 wrote: »

Whenever there is a demutualisation and you get the oppurtunity to vote. You will again be one of very few people voting to stay mutual.

.

:eek: u a clairvoyant :eek: or are u trying to manipulate my mind :cheesy:

lolly5648

I still don't know whether I qualify or not if there is a Nationwide merger. I have had a Portman account since 1997 and no-one seems to know whether I have to sign-away my rights or not.

baby_boomer

You didn't sign away your rights in 1997 as a Portman member .

But have you ever signed away your rights as a Nationwide member, since 1997, and kept continuous membership at Nationwide between then & the Portman merger in 2007? If so, you have signed away your Nationwide rights .