Bank Bailout, is this how it works if it goes wrong?

ianmr65

dopester wrote: »

It won't be used for mortgages, except maybe a little as a nod towards Downing Street, but only then for good risks who have substantial deposits.

Crash Gordon had the bankers in for a power-chat the other day... and impressions I get is he doesn't really understand the severity of what's going on.

Breakfast with Gordon

If you read the FT, and Robert Peston, the Daily mail spin is rather less overdone, and the impression is that Gord does finally grasp the full horror of the situation.

It was intresting that the only banker to be at all bullish was the guy from HSBC. He clearly sees himself as a white knight, and the potential for snapping up cheap portfolio oppourtunities here.

Intresting as well that for weeks on the savings forums some of us have been arguing about the weakness and risk, of banks expposed to UK, and US property markets, as opposed to overeas banks who have no such exposure...only to be shouted down. They've all gone very quiet now even the daily mail are confirming that UK based banks, in this position are in deep !!!!!!.

Benefits_Blagger

ianmr65 wrote: »

If you read the FT, and Robert Peston, the Daily mail spin is rather less overdone, and the impression is that Gord does finally grasp the full horror of the situation.

It was intresting that the only banker to be at all bullish was the guy from HSBC. He clearly sees himself as a white knight, and the potential for snapping up cheap portfolio oppourtunities here.

Intresting as well that for weeks on the savings forums some of us have been arguing about the weakness and risk, of banks expposed to UK, and US property markets, as opposed to overeas banks who have no such exposure...only to be shouted down. They've all gone very quiet now even the daily mail are confirming that UK based banks, in this position are in deep !!!!!!.

Is HSBC's strength due to it's international nature (eg china) or down to sensible decisions made by the bank ?