dmandpenfold
Junior Member
Posts โข 2,466
Likes โข 10
December 2006
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Interest Rates, by dmandpenfold on Nov 6, 2008 18:37:53 GMT 1, oh just pop in why dont you as though you'd never been away for 5 months....this isn't a hotel you know..............
oh just pop in why dont you as though you'd never been away for 5 months....this isn't a hotel you know..............
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Interest Rates, by veralynn on Nov 6, 2008 21:26:05 GMT 1, How much if any will be passed on? I imagine very little. This will be used to help kick start inter-company trading between banks.
I'm not entirely sure that Bank's will start to lend to one another on a 'wholesale' basis ever again - gone are the day's when a 'decent' sized bank can re finance 'x' billion of its book from the US pension funds run by State Street, and therein lies the problem........
Credit is more expensive and selective now and that's also here to stay.
And yeah, currently there's few options where you get tto keep your money in a Bank and it wont get eroded by inflation over the short term. Anyone wanna buy my Neate Triptych, that might produce a better return than 4% over the next year but then again it might not......
How much if any will be passed on? I imagine very little. This will be used to help kick start inter-company trading between banks. I'm not entirely sure that Bank's will start to lend to one another on a 'wholesale' basis ever again - gone are the day's when a 'decent' sized bank can re finance 'x' billion of its book from the US pension funds run by State Street, and therein lies the problem........ Credit is more expensive and selective now and that's also here to stay. And yeah, currently there's few options where you get tto keep your money in a Bank and it wont get eroded by inflation over the short term. Anyone wanna buy my Neate Triptych, that might produce a better return than 4% over the next year but then again it might not......
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Interest Rates, by fatherxmas on Nov 6, 2008 21:42:38 GMT 1, Happy Days All my mortgages are on trackers whoop whoop and lifetime @ that
This is good, hopefuly the libor will come below 5% and with savings so poor people might start investing in other things now. Art/Property/Win etc etc This should now make banks more hungry to make money as people will not look at savings as being essential. This will start to lending again More debt, bigger debt, huge problem in yrs to come. But lets just ride the time
Happy Days All my mortgages are on trackers whoop whoop and lifetime @ that This is good, hopefuly the libor will come below 5% and with savings so poor people might start investing in other things now. Art/Property/Win etc etc This should now make banks more hungry to make money as people will not look at savings as being essential. This will start to lending again More debt, bigger debt, huge problem in yrs to come. But lets just ride the time
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BONGO
Junior Member
Posts โข 1,004
Likes โข 11
February 2007
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Interest Rates, by BONGO on Nov 9, 2008 11:09:15 GMT 1,
IF THIS IS YET ANOTHER ILL RESEARCHED SHORT ABOUT THE FED BEING A PRIVATE OWNED CORPORATION RATHER THAN A STATE OWNED ENTERPRISE & PEPPERED BY REFERENCES TO THE ILLUMINATI & BILDENBERG GROUP , THEN BONGO WILL BE LESS THAN PLEASED
IF THIS IS YET ANOTHER ILL RESEARCHED SHORT ABOUT THE FED BEING A PRIVATE OWNED CORPORATION RATHER THAN A STATE OWNED ENTERPRISE & PEPPERED BY REFERENCES TO THE ILLUMINATI & BILDENBERG GROUP , THEN BONGO WILL BE LESS THAN PLEASED
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Interest Rates, by Guest on Nov 9, 2008 11:11:01 GMT 1, no aliens in this movie BONGO
no aliens in this movie BONGO
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BONGO
Junior Member
Posts โข 1,004
Likes โข 11
February 2007
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Interest Rates, by BONGO on Nov 9, 2008 11:15:55 GMT 1, I think the rate cut is a step in the right direction but, the problem is banks will never get out of the habit of ripping us off The banks have been handed OUR MONEY to keep them afloat, but how do we BENEFIT if Brown can't control the bonuses they will be paying (out of our money) or the rates they offer for mortgages. I'm in the middle of remortgaging and I've been quoted **** rates, with the same excuses... LIBOR, current climate... etc ...etc.... If the banks are still having liquidity problems (after getting our money), where does it end for us taxpayers another ยฃ100 billion...ยฃ500 billion... a ยฃ1 trillion? We have a crazy scenario, where my taxes are being used to save the banks, but if I don't pay my mortgage, those same banks will be coming after my house. Instead of the goverment helping the banks they SHOULD be helping the "man-in-the-street", who is likely to suffer far more because of the flawed business models of these banks. Early apologies to the two investment bankers who I know visit this forum (you know who you are)... but you've been a bunch of greedy bar-stewards over the years
BONGO UNDERSTAND, BUT WOULD LIKE TO REITERATE THAT NEARLY EVERYONE HAS BEEN AN EXPLICIT OR IMPLICIT ACCOMPLICE IN THE RECENT SPENDING BUBBLE AND FEW CAN CLAIM TO BE VICTIMS WITH CLEAN HANDS
THE MAN IN THE STREET WITH A NEW IFONE, 50 INCH TELLY AND ยฃ10k CREDIT CARD DEBT IS AS LIABLE AS FINANCIAL INSTITUTIONS FOR BLAME
BONGO NOT MEAN TO BE CONTROVERSIAL OR SPITEFUL, BUT MERELY FAIR IN ALLOCATING BLAME
I think the rate cut is a step in the right direction but, the problem is banks will never get out of the habit of ripping us off The banks have been handed OUR MONEY to keep them afloat, but how do we BENEFIT if Brown can't control the bonuses they will be paying (out of our money) or the rates they offer for mortgages. I'm in the middle of remortgaging and I've been quoted **** rates, with the same excuses... LIBOR, current climate... etc ...etc.... If the banks are still having liquidity problems (after getting our money), where does it end for us taxpayers another ยฃ100 billion...ยฃ500 billion... a ยฃ1 trillion? We have a crazy scenario, where my taxes are being used to save the banks, but if I don't pay my mortgage, those same banks will be coming after my house. Instead of the goverment helping the banks they SHOULD be helping the "man-in-the-street", who is likely to suffer far more because of the flawed business models of these banks. Early apologies to the two investment bankers who I know visit this forum (you know who you are)... but you've been a bunch of greedy bar-stewards over the years BONGO UNDERSTAND, BUT WOULD LIKE TO REITERATE THAT NEARLY EVERYONE HAS BEEN AN EXPLICIT OR IMPLICIT ACCOMPLICE IN THE RECENT SPENDING BUBBLE AND FEW CAN CLAIM TO BE VICTIMS WITH CLEAN HANDS THE MAN IN THE STREET WITH A NEW IFONE, 50 INCH TELLY AND ยฃ10k CREDIT CARD DEBT IS AS LIABLE AS FINANCIAL INSTITUTIONS FOR BLAME BONGO NOT MEAN TO BE CONTROVERSIAL OR SPITEFUL, BUT MERELY FAIR IN ALLOCATING BLAME
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BONGO
Junior Member
Posts โข 1,004
Likes โข 11
February 2007
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Interest Rates, by BONGO on Nov 9, 2008 11:20:15 GMT 1, no aliens in this movie BONGO
BONGO HAS JUST LOOKED WIKIPEDIA SUMMARY OF FILM AS BONGO HAS URGENT BUSINESS & NO TIME TO WATCH NOW
IF SUMMARY IS INDEED ACCURATE, THEN BONGO MAY NOT WANT TO USE VALUBALE TIME WATCHING MOVIE BONGO FEARS
no aliens in this movie BONGO BONGO HAS JUST LOOKED WIKIPEDIA SUMMARY OF FILM AS BONGO HAS URGENT BUSINESS & NO TIME TO WATCH NOW IF SUMMARY IS INDEED ACCURATE, THEN BONGO MAY NOT WANT TO USE VALUBALE TIME WATCHING MOVIE BONGO FEARS
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eddiedangerous
Junior Member
Posts โข 1,600
Likes โข 40
October 2007
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Interest Rates, by eddiedangerous on Nov 9, 2008 13:23:46 GMT 1, I think the rate cut is a step in the right direction but, the problem is banks will never get out of the habit of ripping us off The banks have been handed OUR MONEY to keep them afloat, but how do we BENEFIT if Brown can't control the bonuses they will be paying (out of our money) or the rates they offer for mortgages. I'm in the middle of remortgaging and I've been quoted **** rates, with the same excuses... LIBOR, current climate... etc ...etc.... If the banks are still having liquidity problems (after getting our money), where does it end for us taxpayers another ยฃ100 billion...ยฃ500 billion... a ยฃ1 trillion? We have a crazy scenario, where my taxes are being used to save the banks, but if I don't pay my mortgage, those same banks will be coming after my house. Instead of the goverment helping the banks they SHOULD be helping the "man-in-the-street", who is likely to suffer far more because of the flawed business models of these banks. Early apologies to the two investment bankers who I know visit this forum (you know who you are)... but you've been a bunch of greedy bar-stewards over the years BONGO UNDERSTAND, BUT WOULD LIKE TO REITERATE THAT NEARLY EVERYONE HAS BEEN AN EXPLICIT OR IMPLICIT ACCOMPLICE IN THE RECENT SPENDING BUBBLE AND FEW CAN CLAIM TO BE VICTIMS WITH CLEAN HANDS THE MAN IN THE STREET WITH A NEW IFONE, 50 INCH TELLY AND ยฃ10k CREDIT CARD DEBT IS AS LIABLE AS FINANCIAL INSTITUTIONS FOR BLAME BONGO NOT MEAN TO BE CONTROVERSIAL OR SPITEFUL, BUT MERELY FAIR IN ALLOCATING BLAME
my heart is with you 100% yessir, but i gotta side with bongo, if we (the taxpayer) weren't bailing out the banks there would be no mortgage offers anywhere at all.
forget the interst rates for a sec though, the "reclaim your bankcharges" case is really taking its time now, I would like to see th inpact on the economy if the hearing goes against the banks, those to "lazy" to put their claims in during a good financial times are sure to put a claim in going into a recession...
I think the rate cut is a step in the right direction but, the problem is banks will never get out of the habit of ripping us off The banks have been handed OUR MONEY to keep them afloat, but how do we BENEFIT if Brown can't control the bonuses they will be paying (out of our money) or the rates they offer for mortgages. I'm in the middle of remortgaging and I've been quoted **** rates, with the same excuses... LIBOR, current climate... etc ...etc.... If the banks are still having liquidity problems (after getting our money), where does it end for us taxpayers another ยฃ100 billion...ยฃ500 billion... a ยฃ1 trillion? We have a crazy scenario, where my taxes are being used to save the banks, but if I don't pay my mortgage, those same banks will be coming after my house. Instead of the goverment helping the banks they SHOULD be helping the "man-in-the-street", who is likely to suffer far more because of the flawed business models of these banks. Early apologies to the two investment bankers who I know visit this forum (you know who you are)... but you've been a bunch of greedy bar-stewards over the years BONGO UNDERSTAND, BUT WOULD LIKE TO REITERATE THAT NEARLY EVERYONE HAS BEEN AN EXPLICIT OR IMPLICIT ACCOMPLICE IN THE RECENT SPENDING BUBBLE AND FEW CAN CLAIM TO BE VICTIMS WITH CLEAN HANDS THE MAN IN THE STREET WITH A NEW IFONE, 50 INCH TELLY AND ยฃ10k CREDIT CARD DEBT IS AS LIABLE AS FINANCIAL INSTITUTIONS FOR BLAME BONGO NOT MEAN TO BE CONTROVERSIAL OR SPITEFUL, BUT MERELY FAIR IN ALLOCATING BLAME my heart is with you 100% yessir, but i gotta side with bongo, if we (the taxpayer) weren't bailing out the banks there would be no mortgage offers anywhere at all. forget the interst rates for a sec though, the "reclaim your bankcharges" case is really taking its time now, I would like to see th inpact on the economy if the hearing goes against the banks, those to "lazy" to put their claims in during a good financial times are sure to put a claim in going into a recession...
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Yessir
New Member
Posts โข 205
Likes โข 0
November 2006
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Interest Rates, by Yessir on Nov 9, 2008 16:08:10 GMT 1, BONGO UNDERSTAND, BUT WOULD LIKE TO REITERATE THAT NEARLY EVERYONE HAS BEEN AN EXPLICIT OR IMPLICIT ACCOMPLICE IN THE RECENT SPENDING BUBBLE AND FEW CAN CLAIM TO BE VICTIMS WITH CLEAN HANDS THE MAN IN THE STREET WITH A NEW IFONE, 50 INCH TELLY AND ยฃ10k CREDIT CARD DEBT IS AS LIABLE AS FINANCIAL INSTITUTIONS FOR BLAME BONGO NOT MEAN TO BE CONTROVERSIAL OR SPITEFUL, BUT MERELY FAIR IN ALLOCATING BLAME my heart is with you 100% yessir, but i gotta side with bongo, if we (the taxpayer) weren't bailing out the banks there would be no mortgage offers anywhere at all. forget the interst rates for a sec though, the "reclaim your bankcharges" case is really taking its time now, I would like to see th inpact on the economy if the hearing goes against the banks, those to "lazy" to put their claims in during a good financial times are sure to put a claim in going into a recession...
Points taken ED and Bongo
I don't mind if taxpayers money will be used to repair or enhance the banking system, but its seems to me our money has been handed over without any serious "pre-conditions", so in effect IMO nothing will change as far as how bank operate and their treatment over consumers.
The man you describe Bongo, I agree does have to take a portion of blame, but my situation is very different, I have no personal debt except for my mortgage and I have always managed my finances in a fairly responsible way.
My rant was basically down to a bank shafting me out of ยฃ999 and me not being able to do a thing about it.
I agreed a remortgage rate, paid my application fee (ยฃ999), only to be told six days later that, I couldn't have the agreed rate or my MONEY back, because of "market conditions".
I believe banks owe us nothing, but if they take our money to keep them afloat, there should be some accountability leveled their way.
Have a look at what we all paid for......
www.newsoftheworld.co.uk/scottish/scottish_news/66190/Banks-sick-joke.html
www.independent.co.uk/news/business/news/hbos-staff-on-champagne-break-1004111.html
BONGO UNDERSTAND, BUT WOULD LIKE TO REITERATE THAT NEARLY EVERYONE HAS BEEN AN EXPLICIT OR IMPLICIT ACCOMPLICE IN THE RECENT SPENDING BUBBLE AND FEW CAN CLAIM TO BE VICTIMS WITH CLEAN HANDS THE MAN IN THE STREET WITH A NEW IFONE, 50 INCH TELLY AND ยฃ10k CREDIT CARD DEBT IS AS LIABLE AS FINANCIAL INSTITUTIONS FOR BLAME BONGO NOT MEAN TO BE CONTROVERSIAL OR SPITEFUL, BUT MERELY FAIR IN ALLOCATING BLAME my heart is with you 100% yessir, but i gotta side with bongo, if we (the taxpayer) weren't bailing out the banks there would be no mortgage offers anywhere at all. forget the interst rates for a sec though, the "reclaim your bankcharges" case is really taking its time now, I would like to see th inpact on the economy if the hearing goes against the banks, those to "lazy" to put their claims in during a good financial times are sure to put a claim in going into a recession... Points taken ED and Bongo I don't mind if taxpayers money will be used to repair or enhance the banking system, but its seems to me our money has been handed over without any serious "pre-conditions", so in effect IMO nothing will change as far as how bank operate and their treatment over consumers. The man you describe Bongo, I agree does have to take a portion of blame, but my situation is very different, I have no personal debt except for my mortgage and I have always managed my finances in a fairly responsible way. My rant was basically down to a bank shafting me out of ยฃ999 and me not being able to do a thing about it. I agreed a remortgage rate, paid my application fee (ยฃ999), only to be told six days later that, I couldn't have the agreed rate or my MONEY back, because of "market conditions". I believe banks owe us nothing, but if they take our money to keep them afloat, there should be some accountability leveled their way. Have a look at what we all paid for...... www.newsoftheworld.co.uk/scottish/scottish_news/66190/Banks-sick-joke.htmlwww.independent.co.uk/news/business/news/hbos-staff-on-champagne-break-1004111.html
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