Bank Bradford-And-Bingley 40Billion UK Government to

derry

Bank Bradford-And-Bingley 40Billion UK Government to take over Nationalised

Spanish Bank Santannder couldn't take the heat must have been to spooky what they saw 40 billlion funds need covering:eek:

Banking investments still in meltdown

http://news.sky.com/skynews/Home/Business/Bradford-And-Bingley-To-Be-Nationalised-Say-Sky-Sources-As-Credit-Crunch-Hits/Article/200809415108531?lpos=Business_Carousel_Region_1&lid=ARTICLE_15108531_Bradford_And_Bingley_To_Be_Nationalised_Say_Sky_Sources_As_Credit_Crunch_Hits


So for the bright sparks

How does this fair for the Irish banks and investments like bonds etc

Any finer details how solid is the bank garentee for the 100K

I saw last week saterday the regime decide to announce that they would garentee the deposits in banks up from 20K to 100K


I waited and watched for confirming info how this slight of hand can be done

Like apart from its some politcal promise what is the reserves and conditions to back it up

Like if the bank goes wollop do we have to wait 6 months or ten years to get our money back

Apart from the government who else would contribute to the funds to this solution

It just seems to be from what I can see the nanny state has yet again pulled off the magic trick POOF 100k garanteed with hot air and Hush little baby you can go back to sleep

Only got some indictors that all is not so good from this thread

http://www.boards.ie/vbulletin/showt...5385222&page=2


Appears there is no reserve in the banking system to garentee this funds

So it seems now it is a political promise until the law is changed to increase the reserves

So anybody know if the bank went kapow how long it would take to get the 90K if your 100,000K is in the bank at the time


If for example it took 10 years to get refunded and inflation was 5% over that time the 100,000 K which would be 90K which would after 10 years then only be worth 45,000 K or something like half the value in ten years with a modest inflation rate makes this a dodgy burger investment to me if that was the case

As a investment the the whole idea of the fractional banking system is strictly a good system to fool the population and rip their faces

So long as the investing of money returns are less than the inflation rate which the bank and the banking investment system chose to create those rates then anybody who keeps funds in banks is set to lose the most money for a small return of a few % on the capital

Then the free market world allows huge funds to slosh around the world cuasing sunami economic events to even big places like the USA

They look set to become the newest socialist republic of the USA regime born with a extra $700 Billion loan in their mouth:pac::pac:

In that open market any big bank short on funds in this open banking world can buy out a Irish bank and then strip it of all its funds if they so wish

Buying a bank is the best legal way to steal the funds that are in it :pac::pac:

Now we see that if big EU bank for example makes noises to buy a bank and then pulls out the Regime has very few choices

One choice Buy the bank as in Nationalise it and then try to sell of the components which turn the regime into trainee bankers :eek:

Another choice do nothing and let bank wallow close to the brink or going bust and run the risk there could be a run on that bank which probably risks a run on most all of the other banks in the collateral damage:pac::pac::pac:


So much for investing in banks probably would have been better to do saving in post office low interest rates but less risk unless you figure the country would go bust:eek:

Really so long as we continue to allow the governments adhere to the fractional banking system as the solution for everything we risk to lose everything when the fraction banking decides to get out of those nice high return on interests investments with a suitable melt down


The joe soaps minnows in this big pond with big sharks cant ever win in this investment system
They would have better odds with the lotto or the prize bonds and probably a tad safer in post office saving (NB not post bank which is a bank)

Derry



Derry

jesus_thats_gre

Have never once posted on this forum but, what?

BuffyBot

Indeed - most of that doesn't make sense, and I'm not sure it merits a new thread anyway.