Comments on: How The FTSE Is Backing Brown

By: chenier

chenier — Thu, 16 Oct 2008 12:38:17 +0000

The problem, Val, was that it was not insurance. It was simply a way to speculate, marketed under the pretence that it was a way to reduce risk…

By: chenier

chenier — Thu, 16 Oct 2008 12:34:40 +0000

And we will all be much happier pigeons, sorry, campers once this blessed event occurs, so keep spinning the prayerwheels!

And looking down the back of the sofa…

By: val

val — Thu, 16 Oct 2008 12:33:43 +0000

chenier

I”m not that clued up on all the workings of the Banks……..niether are the Staff I
suspect.!!!!!!!!!

Never heard of the Credit Default Swaps and was glad to be informed in layman”s
terms.

By: Fully Secured Bank Funding Pigeon

Fully Secured Bank Funding Pigeon — Thu, 16 Oct 2008 12:27:38 +0000

Like way frist Chenier

Libor is still coming down and the banks are gonna start a lendin’ and i’m gonna start earnin’

By: chenier

chenier — Thu, 16 Oct 2008 12:24:14 +0000

Er, Val

We have been writing about credit default swaps here for the last month and the first time you come across them is on the TV?

You really should know by now; Anorak always gets there first.

And Lone

Bugger the equities; what about LIBOR?

I’m glad you asked me that, Lone; LIBOR is down!

By: val

val — Thu, 16 Oct 2008 12:18:10 +0000

Apparently, there is a much deeper problem emerging. The guy who was being
interviewed said there is a massive leak in the Financial system and what Brown is doing is coming along with a Bucket and Mop to clean up, not stop the flow.

He said , in simple terms, Insurance was taken out by various Banks that Mr Brown
would not be able to make the Mortgage Payments. This kind of “betting” spread
out and when Mr Brown could not make the payments, there isn”t enough to pay out all the Insurance claims and is the root cause of the problem.

It all sounds very complicated and yet another example that the Banks are more
like Betting shops……..with other people”s money!!!!!!!!!

By: lone pigeon

lone pigeon — Thu, 16 Oct 2008 10:05:52 +0000

darling last night refused to answer a question. When asked if there was a blanket ban on banks paying dividends he wouldn’t answer even though he already stated it, Now if the banks go cap in hand to the treasury it’s looking like they only have to wait a year and might even not wait that long if someone can come up with a better solutuion. I applaud the fact that they are doing ’something’ to help but this comparison with Brown and churchill is absolutely stupendous!

My question is should the banks wait until the tax payer/government is paid back before issuing dividends or should there be more flexibility to help this crisis. I would say be more flexible because the share prices are not rising and the government have realised that their plan isn’t working!

Yes, well done that soemthing has been done by the governement but when the dust settles in all of this massive questions have t be asked and there has to be truthful answers not that I think it’s going to do Labour any good and then look who we get in

We’ve got no hope I tell thee no hope!