Removing funds from Barclays

CYBERCIDERSAVER

Sapphire wrote: »

Apart from Barclays, Bradford & Bingley and Alliance & Leicester are said to be dodgy at the moment.

Trouble is, if all these moneylenders have to be bailed out by the 'government', where is the money going to come from? Taxpayers???

As long as it doesn't go too far, don't worry.

Northern Rock is paying through the nose for it's emergency cash.

The taxpayer is actually making money off of the northern rock shareholders!!!!

I wonder how much?? anyone???

nelly_2

CYBERCIDERSAVER wrote: »

As long as it doesn't go too far, don't worry.

Northern Rock is paying through the nose for it's emergency cash.

The taxpayer is actually making money off of the northern rock shareholders!!!!

I wonder how much?? anyone???

Well I'll tell you how much the cheque I got from the government was.

(as a taxpayer who is actually making money off of the northern rock shareholders!!!!

It was F all!!!

And on topic

Merv king the governor of the BoE said of those queing to take their money out of Northern Rock-

He said: "In the absence of a government guarantee it was actually rational to queue up and take your money and it would have been dishonest for us to have pretended otherwise.

full article

Generali

CYBERCIDERSAVER wrote: »

Why don't we all start queuing outsiide Barclays. I have no money with barclays but it would be a cool practical joke!!

could do Barclays on monday

Pru on tuesday...

Halifax on wednesday...


Think of all those smug city types with their 100k job sh$%£^ng themselves!!!

If you're going to do that the trick is to say in a loudish voice, "Did you see on the BBC that they're locking the bank in an hour so they can see how much money they've got left?"

MrShed

The missing one is the RBS - somehow it has slipped under the radar, despite the fact it is in more immediate trouble than Barclays, A+L and B+B!

Iamthesmartestmanalive

The OP and idiots who think like them are the one that cause the problems

Maybe barclays dont have great liquidity but they do have plenty of assets and can continue to trade day to day

Unfortunately if any idiot causes a mass run that will become a problem as they wont have the liquidity to pay out say 60% of their balances in a few days then they might go bust and people lose their money

And I highly doubt the government will guarentee all the funds again like they did with northern rock

They wont go bust, you can get your money at any time and you wont lose it

Now stop being stupid as all you will do is make them go bust and put your money at risk

lesley1960

I doubt that there is a company out there that could come up with every penny they owe overnight , remember banks like any other( good ) business is owed far then then they owe.
Think what would happen if all the banks called in their debts over night , I think everyone who is worried about their savings might find it slightly difficult to pay mortgage /loans/ even credit card debts in the space of a few hours !!

Iamthesmartestmanalive puts it very well

abaxas

Iamthesmartestmanalive wrote: »

The OP and idiots who think like them are the one that cause the problems

Maybe barclays dont have great liquidity but they do have plenty of assets and can continue to trade day to day

Unfortunately if any idiot causes a mass run that will become a problem as they wont have the liquidity to pay out say 60% of their balances in a few days then they might go bust and people lose their money

And I highly doubt the government will guarentee all the funds again like they did with northern rock

They wont go bust, you can get your money at any time and you wont lose it

Now stop being stupid as all you will do is make them go bust and put your money at risk

Incorrect

You have forgotten the MOST important fact. This is nothing to do with stability of the bank or if you money is safe.

It is the availability of your money that is more important. As we saw with the NR fiasco, people were unable to obtain their funds, especially those with internet only accounts.

If you rely on your funds being available, why not put it somewhere with less potential risk.

Iamthesmartestmanalive

abaxas wrote: »

Incorrect

You have forgotten the MOST important fact. This is nothing to do with stability of the bank or if you money is safe.

It is the availability of your money that is more important. As we saw with the NR fiasco, people were unable to obtain their funds, especially those with internet only accounts.

If you rely on your funds being available, why not put it somewhere with less potential risk.

eh?

The money is available as it has always been

It wont be available if !!!!! decide to jam branches, phones and internet services for no reason

There wont be a company outthere with the capacity to deal with 60% of their total customers pulling out in 1 day

abaxas

Iamthesmartestmanalive wrote: »

eh?

The money is available as it has always been

It wont be available if !!!!! decide to jam branches, phones and internet services for no reason

There wont be a company outthere with the capacity to deal with 60% of their total customers pulling out in 1 day

Agreed. But maybe it is best to avoid that?

Or maybe you like to queue?

lesley1960

abaxas wrote: »

Incorrect

You have forgotten the MOST important fact. This is nothing to do with stability of the bank or if you money is safe.

It is the availability of your money that is more important. As we saw with the NR fiasco, people were unable to obtain their funds, especially those with internet only accounts.

If you rely on your funds being available, why not put it somewhere with less potential risk.

Then keep your money under your mattress .!

You are able to earn interest because the banks lend your money out to earn themselves money , the interest you earn is your cut of their profits .

if everyone goes into barclays on mondays and demands their money , please dont come on her moaning when Barclays calls in their loans

If you are worried about safety then keep within the limits

If the major banks in this country go under , losing your savings will probably be the least of your worries