HBOS shares

setmefree

Gwhiz wrote: »

How will this affect things like savings at other HBOS companies like B. Midshires?

As stated earlier savings to the value of £35k are protected regardless of who they are with, savings over this amount in my opinion are risky.
And look at the long term, if you have savings over £35k in one account and that institue should fail.you are only guaranteed 35k back the excess would be probably paying of someone elses loss...just a thought

krissy08

i was actually considering buying thinking it can't possibly get any lower hoping to reap when things get better, I think the message here is-don't take the risk

agent_orange_2

Setmefreee you are guilty of scaremongering,

setmefree

agent_orange wrote: »

Setmefreee you are guilty of scaremongering,

Rubbish, i'm not guilty of anything..savings are only guaranteed to 35k that's a fact, a person asked for an opinion of whether to invest or not and i said i wouldnt..so get your facts straight..
with regards to using wall street as an example,perhaps you should take a look at the shares and see that the u.k's values usually rise or fall in comparison to how the states performs.
and if you had cared to research today you would see that £20 billion has actually been injected to calm the storm.
Lets see how the week unfolds before you make anymore slanderous remarks agent orange.

setmefree

I must say sorry for my error it's actually £30 billion and not £20 billion that has had to be injected

http://news.sky.com/skynews/Home/Business/Lehman-Brothers-Investment-Bank-Barclays-Pulls-Out-Of-Talks-To-Buy-Struggling-US-Institution/Article/200809315099294?lpos=Business_0&lid=ARTICLE_15099294_Lehman%2BBrothers%2BInvestment%2BBank%253A%2BBarclays%2BPulls%2BOut%2BOf%2BTalks%2BTo%2BBuy%2BStruggling%2BUS%2BInstitution

There was a mad scramble by UK banks for the BoE's cash injection, which was five times oversubscribed.

So l think my advice is well justified

agent_orange_2

Setmefree, you stand accused of scaremongering. I'll take a bet with you, no saver with hbos group of companies will lose their savings.

setmefree

agent_orange wrote: »

Setmefree, you stand accused of scaremongering. I'll take a bet with you, no saver with hbos group of companies will lose their savings.

So you are stating that any one who has savings over £35k will get all their money back should any and not just HBOS fail, please tell me more coz i'm really interested now..and l quote ANY because l have not based it on HBOS;)..in fact prove it

Oblivion

agent_orange wrote: »

What I have noticed is, the bbc 2 radio news haven't mentioned the 30% (at one point) drop in hbos share price. I reckon the media don't want to set of a panic
amongst savers like they did with NR

Today's Working Lunch programme didn't pull any punches.

Dave.

agent_orange_2

I can no more prove it, than you can prove they will not.

setmefree

agent_orange wrote: »

I can no more prove it, than you can prove they will not.

agent orange you really dont make sense, l havent quoted HBOS l have mearly stated that savings with anyone are only covered up to 35k, please prove otherwise as you stated earlier.