barclays using emergency lending facility...!!

"Economic Cannibalism"...where in heaven do you dig up this utter crap ?

Only the amoeba's were swindled..those who couldn't read ,had never figured out how to open a packet of chocolate buttons so had never learned to count once they had run out of digits....all the rest 'winked' together to get what they wanted...now they can sue each other over the proceeds.. I've been in business over 30 years and finding the perfect individual free of blame blah blah is a fruitless task...most peeps go along to get what they want at least within their limited forward vision and don't think too much beyond that and the consequences that might await them....end of story !

Read a story from someone the other day about how his poor momma had been induced to sign a contract with a false income in order to secure a mortgage and she was now unable to blah blah....so I say's she knew it was false ,but she signed it anyway and you don't think she is culpable ? ...oh no, it wasn't momma's fault.....if I have a real complaint it's the amount of taxpayers money apparently wasted on education ;) ...LOL
 
ooo-eerrr. what a to-do!

all they had to do was call up that lovely Carol Vorderman and she would have sorted them out with one of those low-cholesterol loans.
 
Has anyone seen this kind of issue with UK Banks apart from WW2 years..?...

The City must be asleep, Barclays teeters on the brink on Monday and shares are still going up on Thursday. On reading the article I rushed out to the local Barclays to withdraw my funds before the inevitable run on the Bank, only to find that I was the only one in the queue. Anyway, I have taken my life's savings out and will place it in a biscuit box under the bed. I can just see Friday's headlines - Barclays bust and Lion63 was the only person in the UK to protect himself. Suddenly I am on CNBC, Bloomberg etc.; looking smug and telling the World how smart I am (all for a fee).

Oh no I was only dreaming.
 
"Anyway, I have taken my life's savings out "...you didn't need to bother.. 2k is 100% covered by FSA ;)
 
Did you read the story you qouted, the answer to your question is in the there. :rolleyes:
Quote: This financing option is generally used a few times a month.

....Yes...I read that....But then why was it a news item on FT if it occurs regularly.....?
 
The City must be asleep, Barclays teeters on the brink on Monday and shares are still going up on Thursday. On reading the article I rushed out to the local Barclays to withdraw my funds before the inevitable run on the Bank, only to find that I was the only one in the queue. Anyway, I have taken my life's savings out and will place it in a biscuit box under the bed. I can just see Friday's headlines - Barclays bust and Lion63 was the only person in the UK to protect himself. Suddenly I am on CNBC, Bloomberg etc.; looking smug and telling the World how smart I am (all for a fee).

Oh no I was only dreaming.

....Now that you have stashed your nuts under your bed make sure you make good use of it sometimes otherwise they will wither and go stale without inactivity...!!
 
Four US banks took $500m each earlier in the week of the Feds discount window facility, statements issued said they were solely seeking to display the effectiveness of the system and take a leading role in demonstrating potential value in the primary credit facility and to encourage its use by other financial institutions.

Like Barclays all US banks had substatntial liquidity, maybe just point scoring from Barclays following the US lead
 
Four US banks took $500m each earlier in the week of the Feds discount window facility, statements issued said they were solely seeking to display the effectiveness of the system and take a leading role in demonstrating potential value in the primary credit facility and to encourage its use by other financial institutions.

Like Barclays all US banks had substatntial liquidity, maybe just point scoring from Barclays following the US lead

....Thanks...at last some form of sensible answer....

So Barclays is looking at some form of 'activity' from BOE like the FED...?...Because ECB also pumped some amount few days back...
 
So Barclays is looking at some form of 'activity' from BOE like the FED...?...Because ECB also pumped some amount few days back...

No.

The cash in the till would not have been sufficient to meet cash outflows and they required the money to meet these short term liabilities. This happens all the time and is not the same as a run on the bank.

The statements by the US banks that they borrowed money in order to demonstrate the effectiveness of the system is hardly inspiring as it demonstrates that they are not as smart as they think they are.
 
"Economic Cannibalism"...where in heaven do you dig up this utter crap ?

Only the amoeba's were swindled..those who couldn't read ,had never figured out how to open a packet of chocolate buttons so had never learned to count once they had run out of digits....all the rest 'winked' together to get what they wanted...now they can sue each other over the proceeds.. I've been in business over 30 years and finding the perfect individual free of blame blah blah is a fruitless task...most peeps go along to get what they want at least within their limited forward vision and don't think too much beyond that and the consequences that might await them....end of story !

Read a story from someone the other day about how his poor momma had been induced to sign a contract with a false income in order to secure a mortgage and she was now unable to blah blah....so I say's she knew it was false ,but she signed it anyway and you don't think she is culpable ? ...oh no, it wasn't momma's fault.....if I have a real complaint it's the amount of taxpayers money apparently wasted on education ;) ...LOL

Chump,

"Only the amoeba's were swindled..."
Unless I'm horribly mistaken, you seem to have the bizarre idea that it is the fault of poorly educated people at the lowest socio economic classes to have been trapped by predatory and unethical lending practices by banks. I suppose you think it's entirely acceptable for businesses to exploit people. Shameful :devilish: :rolleyes: :(

With regard to education, the article makes clear that dumbing down of the population is one of the aims of the global elite. An example of dumbing down is the inability of people to critically analyse pieces of disparate information into a bigger picture by way of a coherent hypothesis.
 
"I suppose you think it's entirely acceptable for businesses to exploit people"...LOL

" dumbing down of the population is one of the aims of the global elite"...and what a success they made of it ...."I suppose you think it's entirely acceptable for businesses to exploit people"...as a starting point for you to rectify that process you might want to think again about what business is and does.

"An example of dumbing down is the inability of people to critically analyse pieces of disparate information into a bigger picture by way of a coherent hypothesis."...otherwise known as having a preconceived idea supported by finding as much garbage as possible to support it...

I'll leave you with it ,this stuff could be contagious.
 
My God! It was Barclays! I bet Bob Diamond and the board feel like idiots for buying at 669! Unless they unloaded it at 685 a few days later of course! I see we closed at 627.50 today. Ouch!

I have very limited sympathy for the institutions - they brought it on themselves. Why should the taxpayer be asked to bail out what they have reaped for their unbridled greed?
 
I have very limited sympathy for the institutions - they brought it on themselves. Why should the taxpayer be asked to bail out what they have reaped for their unbridled greed?

Because that is the way it was, is now and forever shall be. That is the nature of the beast, "From those who have not, even the little they have shall be taken for those who have........"
 
...So it is a credit issue after all and not just a 'blip' in credit markets.....and NR with 54% relative to loans (securitisation) is the first one to go a begging....

Serves NR right as it's entire business strategy assumption was that global money markets would always be open to them......Just keep advancing mortgagages, it will always find more funds to borrow.....a reckless assumption....

BOE does not want t mass panic to it is trying to soothe the issue....

Interesting to note that the next one with 35% relative to loans is BB.....followed by HBOS with 19%......
 
....Barclays has again seen dip in it's share price at 30 month low....

From article in link below...and I quote....

....In a move designed to allay market fears the bank's head of global retail and commercial banking, Frits Seegers, bought Barclays shares worth almost £700,000 ($1.5m) on Friday.....end quote

http://news.bbc.co.uk/1/hi/business/7074751.stm
 
...So it is a credit issue after all and not just a 'blip' in credit markets.....and NR with 54% relative to loans (securitisation) is the first one to go a begging....

Serves NR right as it's entire business strategy assumption was that global money markets would always be open to them......Just keep advancing mortgagages, it will always find more funds to borrow.....a reckless assumption....

BOE does not want t mass panic to it is trying to soothe the issue....

Interesting to note that the next one with 35% relative to loans is BB.....followed by HBOS with 19%......

Quote from BBC........

A commercial property loan portfolio is being sold to GE Real Estate for £2bn, while Dexia is paying about £2.2bn for B&B's housing association loan book. B&B says that it is selling the assets to boost liquidity and to allow it to invest in more profitable areas.
....End Quote.........

http://news.bbc.co.uk/1/hi/business/7103547.stm

.....Watch HBOS next.........
 
I was wrong what I said in Sep 2007 (Msg 17 on this thread) about HBOS and BB......

It was HBOS first and then BB......(see bold text below)

Msg 17 - Sep 07 below.
...So it is a credit issue after all and not just a 'blip' in credit markets.....and NR with 54% relative to loans (securitisation) is the first one to go a begging....

Serves NR right as it's entire business strategy assumption was that global money markets would always be open to them......Just keep advancing mortgagages, it will always find more funds to borrow.....a reckless assumption....

BOE does not want t mass panic to it is trying to soothe the issue....


Interesting to note that the next one with 35% relative to loans is BB.....followed by HBOS with 19%......
 
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