HBOS shares

Old_Slaphead

setmefree wrote: »

Well that's simple, if they can afford to plough billions into the Banking Industry, why is the pensioners and xhildren in so much poverty;)

Presumably they haven't given the banking industry £80bn.

Pensioners & children are in poverty because of government policies.

Banderman

muymalestado wrote: »

And bobbling about with no incipient rise detectable; but, why does no one mention the other reason to hold shares - dividend. HBOS has paid out well over a long period. I suspect their shares pay better than their accounts do. In general, long term holding pays rewards, what with splits, takeover bonuses, restructures, cash returns, what have you ...

They've announced that their next dividend won't be cash, but yet more increasingly worthless shares! They must have a printing press pushing out millions of new shares every single day. The dividend will be slashed further you can have little doubt.

ianmr65

ianmr65 wrote: »

NB don't expect to read anything as blunt as this in the FT, or the serious papers. Financial journalsists can effect share prices, and right issues, and have to be very circumspect in their reporting.

Shares have bounced back, a bit, follwing positive comments in the FT's lex coloumn!!

Suspect the reality is that the shorters are springing a bull trap...:cool:

purch

their next dividend won't be cash, but yet more increasingly worthless shares

It's probably a toss up as to which is becoming increasingly worthless the fastest.................Cash or HBOS Stock

setmefree

Old_Slaphead wrote: »

Presumably they haven't given the banking industry £80bn.

Pensioners & children are in poverty because of government policies.

No they haven't given the Banking Industry anything have they, that's why it was publicly announced that they could do secret deals with the Government
:rotfl::rotfl::rotfl::rotfl:

Pensioners & children in Poverty coz of the Government policies...yep you are right there, lets put the fat cats first and if there's anything left the poor can have the scraps

setmefree

Alistair Darling, the Chancellor, unveiled banking reforms today that are designed to stop a repetition of last year's Northern Rock crisis. They include allowing the rescue of a financial institution to be kept secret until it is complete

nicko33

setmefree wrote: »

Once again £50 billion of taxpayers money is being used to bail out the blood sucking banks.. why?

Do you mean money that taxpayers have paid to the government has been GIVEN to the banks? Or loaned to the banks?
Or is it money the BoE has invented from thin air, and loaned to the banks?

setmefree

nicko33 wrote: »

Do you mean money that taxpayers have paid to the government has been GIVEN to the banks? Or loaned to the banks?
Or is it money the BoE has invented from thin air, and loaned to the banks?

Now lets see, i would say loaned to the Banks from the public funds which is tax payers money, now if someone loses their property does the Government bail them out NO WAY, or offer them a loan NO..so what's the difference with the Banks????

setmefree

The Bank of England has imposed a permanent news blackout on its £50bn-plus plan to ease the credit crunch.

'Lesser of two evils': The Bank of England will guard the names of credit-crunch banks with unprecedented levels of secrecy.
Ferocious and unprecedented secrecy means taxpayers will never know the names of the banks that have been supported through the special liquidity scheme, which was unveiled by Bank Governor Mervyn King last week. Requests under the Freedom of Information Act are to be denied. Details will be kept secret even after 30 years - the period after which all but the most sensitive state documents are released.
Any Bank of England employee leaking the names of institutions involved will face court action for breach of contract.
Even a figure for the overall amount advanced will not be published until October. Meanwhile the Bank is expected to issue at least £50bn of Treasury bills to banks in exchange for their mortgages - entirely in secret.
This hypersensitive official stance is thought to be a response to the events of last year when a huge stigma was attached to any lender suspected of going to the Bank for cash help.
The scheme is intended to steady the markets, but it is feared that reports of banks making widespread use of the facility could trigger further instability.
Barclays and HBoS have both confirmed they will use the Bank of England scheme. 'We welcome the Bank facility and we will participate in it,' confirmed Andy Hornby, chief executive of HBoS.
Other banks declined to comment, but it is expected that this week all of the leading banks, with the exception of Lloyds TSB, will tender some of their mortgages to the Bank of England.
HBoS confirmed last week it had packaged up £9bn of mortgages ready either for securitisation - in effect, selling them on in the wholesale financial markets - or to be offered to the Bank in return for Treasury bills.
The scheme, drawn up by King and approved by Chancellor Alistair Darling, aims to improve banks' liquidity by temporarily swapping bundles of mortgages and credit card debt for Treasury bills, which are short-dated Government debt that matures within nine months.
The scheme will run for three years so these bills will be replaced by new ones when required.

Says it all
:rotfl::rotfl::rotfl::rotfl:

nicko33

setmefree wrote: »

Now lets see, i would say loaned to the Banks from the public funds which is tax payers money

How did it get into the public funds?
Put in by taxpayers, or created out of thin air?