HOW many shares opened up on the FTSE this morning?
Posted: 16th, October 2008 | In: Gordon Brown, Money, Twitterings Comments (7) | Follow the Comments on our RSS feed: RSS 2.0 | TrackBack | Permalink
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October 16th, 2008 at 1:38 pm
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…
October 16th, 2008 at 1:34 pm
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…
October 16th, 2008 at 1:33 pm
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.
October 16th, 2008 at 1:27 pm
Like way frist Chenier
Libor is still coming down and the banks are gonna start a lendin’ and i’m gonna start earnin’
October 16th, 2008 at 1:24 pm
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!
October 16th, 2008 at 1:18 pm
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!!!!!!!!!
October 16th, 2008 at 11:05 am
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!