Bradford & Bingley are DOOMED !

Lotus-eater

ad44downey wrote: »

As at 9 a.m. today Bradford and Bingley shares down 19%

It shouldn't be too long now before this turkey is put out of its misery.

Why do you continuously write about he b&b share price going down and about it being a turkey?
Are you shorting them?

Premier_2

ad44downey wrote: »

As at 9 a.m. today Bradford and Bingley shares down 19%

It shouldn't be too long now before this turkey is put out of its misery.

The darling of buy to letters, B&B, takes a right pasting today.

Total carnage. Bradford and Bingley shares finish down 18% today

So they increased in value since 9am this morning? Buyers are obviously piling in big time

ad44downey

Yes, very true. The tide has obviously turned. The champagne will be flowing in the Bradford and Bingley boardroom tonight. :j

wolvoman

Lotus-eater wrote: »

Why do you continuously write about he b&b share price going down and about it being a turkey?
Are you shorting them?

I suspect he/she just wants too see a few thousand employees out on the streets unemployed and to see the pension funds of many millions of ordinary people ruined by a collapsing stock. That and he/she probably wants to see housing stock collapse leaving many more homeless and in depression, before pouncing and buying up lots of cheap houses to further his/her gain.

Purely altruistic reasons you see.

poppy10_2

Lotus-eater wrote: »

Why do you continuously write about he b&b share price going down and about it being a turkey?

I think the slow-motion collapse of a major British bank is well worth observing and discussing. What's the problem?

Lotus-eater

poppy10 wrote: »

I think the slow-motion collapse of a major British bank is well worth observing and discussing. What's the problem?

I asked a question, whats yours?

bing0

this share can recover like a hole in the head !

I predict a result like Marconi shares a few years back.

Basically the shares will be worthless,if you have them,sell now and recoup

at least some of your money back.

TTMCMschine

wolvoman wrote: »

I suspect he/she just wants too see a few thousand employees out on the streets unemployed and to see the pension funds of many millions of ordinary people ruined by a collapsing stock. That and he/she probably wants to see housing stock collapse leaving many more homeless and in depression, before pouncing and buying up lots of cheap houses to further his/her gain.

Purely altruistic reasons you see.

Unfortunately many pension funds are already ruined by buying the crappy securitised mortgages from the B&B & their ilk [where they bundle up hundreds of mortgages & sell them as high quality securities - except they were poor quality essentially sub prime rubbish].

The B&B didn't care if they were crap or not, or if the mortgagees could pay, or if they lied about their income, because they knew they'd have the rubbish off their books & it wouldn't be their problem.

Purely altruistic.

Neillgb

Lotus-eater wrote: »

Why do you continuously write about he b&b share price going down and about it being a turkey?
Are you shorting them?

Because they are a right bunch of cluckers.

Shorting, well if he was he was/is very wise.

B&B have made awful business decisions with regard to the BTL market and the staff did very well for many year out of the BTL market. They got it wrong and they got greedy with the higher returns offered with BTL business. They gambled, they lost.I have no sympathy for the staff and even contempt for senior management that made the decisions probably with their own commission in mind. I hope to God that the poor old tax payers are not lumbered with another load of bad debt.

Pension funds etc? Well perhaps people should be asking why their very well paid fund managers were anywhere near B&B. Unless of course they took short positions......

Lotus-eater

Neillgb wrote: »

Because they are a right bunch of cluckers.

Shorting, well if he was he was/is very wise.

B&B have made awful business decisions with regard to the BTL market and the staff did very well for many year out of the BTL market. They got it wrong and they got greedy with the higher returns offered with BTL business. They gambled, they lost.I have no sympathy for the staff and even contempt for senior management that made the decisions probably with their own commission in mind. I hope to God that the poor old tax payers are not lumbered with another load of bad debt.

Pension funds etc? Well perhaps people should be asking why their very well paid fund managers were anywhere near B&B. Unless of course they took short positions......

I don't know whats happening particularly to b&b and I don't care that much either, I just wonder why someone continuously posts only about one thing on every available thread.