Bradford & Bingley Shares

napoleon

tawse57, you've got it all wrong. It's not savers like you that have to worry (the government will bail them out if the worst comes to the worst in same way as with Nothern Rock). It's the poor shareholders that need worry! And Alliance and Leicester too!

ianmr65

napoleon wrote: »

tawse57, the government will bail them out if the worst comes to the worst in same way as with Nothern Rock). It's the poor shareholders that need worry! And Alliance and Leicester too!

I think that ship has sailed. I think a goverment 'sponsored' takeover, by a much larger bank, at a knock down price with ceratain guarentees, is the best you can hope for -probably throwing NR in as a job lot. Watch for the BoE 'buying' the non-prime mortgage assets too.

Spot on about the shareholders tho. Still they voted in the boards who have 'precided' over this mess.

bristolleedsfan

ianmr65 wrote: »

I Watch for the BoE 'buying' the non-prime mortgage assets too.

.

B+B "speciality" has been BTL morgages, I cant see a queue forming to buy them out of B+B. Buying other organisations morgage books are not flavour of the month ATM.

ianmr65

bristolleedsfan wrote: »

B+B "speciality" has been BTL morgages, I cant see a queue forming to buy them out of B+B. Buying other organisations morgage books are not flavour of the month ATM.

No, BLF, i meant that Darling did not refute the option, of the Bank of England buying Mortgage backed Paper off institutions, unliaterally. He had asked the european central bank, and G7 to do this on masse. They wern't too keen.

"We are ready to look at any option to help reopen these markets. It would be quite wrong to rule out an option but options have to be realistic, affordable, practical and workable."
He added that while he had not ruled out using taxpayers' money to buy up toxic mortgage-backed bonds "we would have to look at the terms".

tawse57

So no need to cancel my cheque then?

ad44downey

No, savers have nowt to concern themselves with, they're safe.

bristolleedsfan

ianmr65 wrote: »

No, BLF, i meant that Darling did not refute the option, of the Bank of England buying Mortgage backed Paper off institutions, unliaterally. He had asked the european central bank, and G7 to do this on masse. They wern't too keen.

"We are ready to look at any option to help reopen these markets. It would be quite wrong to rule out an option but options have to be realistic, affordable, practical and workable."
He added that while he had not ruled out using taxpayers' money to buy up toxic mortgage-backed bonds "we would have to look at the terms".

We all that neither Darling nore have a clue, however they would be prepared to throw taxpayers money and/or "guarantees" at anything in order to win the next election.

Here is an example of Darlings/Browns hypocrisy, they are calling on Banks and Building Societies to do what HM Rock hasnt done.

http://www.channel4.com/news/articles/business_money/rock+considering+rate+cut+move/2014547

Banderman

The city doesn't like B&B shares, they're down to 165 pence today. :rolleyes:

bristolleedsfan

Banderman wrote: »

The city doesn't like B&B shares, they're down to 165 pence today. :rolleyes:

Or is it the "Branson" effect. :laugh: http://www.cityam.com/index.php?news=11925

ad44downey

Yet more lies from a bank. A few weeks ago they said they had no need for extra money from shareholders, today they want £300,000,000 from them!