Awfully quiet on TOP re. bank nationalisation plans . . .

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lady_stormrider
Sailing Widow
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Joined: Sun Feb 10, 2008 10:31 pm
Boat Type: Jeanneau Espace 1000
Location: Home:Yorkshire Boat: Scotland

Postby lady_stormrider » Thu Oct 09, 2008 7:03 pm

OK - I'm going to have to end this particular discussion as I seem to have a talent for killing threads & I should be getting packed for our drive up to Kip tomorrow and nursing the Captain. So here goes:

In the last 7 days banking in the Far East:

- Origami Bank has folded.
- Bonsai Bank has announced plans to cut some of its branches.
- Yesterday it was announced that the Karaoke Bank was put up for sale and is likely to go for a song.
- While today shares in Kamikaze Bank were suspended after they nose- dived.
- While Samurai Bank is soldiering on following sharp cutbacks.
- Ninja Bank are reported to have taken a hit, but they remain in the black.
- Furthermore 500 staff at Karate Bank have got the chop and
- Analysts report that there is something fishy going on at Sushi Bank where it is feared that staff may get a roe deal....
Became a full-time sailor at the end of May

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ParaHandy
Old Salt
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Joined: Mon Jun 11, 2007 1:11 am

Re: Poof ...

Postby ParaHandy » Mon Oct 13, 2008 11:02 am

Shard wrote:Um, seven for effort, I'd say....

erm ... then there's the Millinium Development Goals ..

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aquaplane
Admiral of the White Rose
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Postby aquaplane » Mon Oct 13, 2008 12:38 pm

Alcyone wrote:To me, one of the best things about being on a boat is it gets you away from all of this. ...... snip..... Yes, even the simple pleasures of boating are, to a greater or lesser extent, affected by the banks ... snip..


I was going to fund my new boat with some shares I recieved through a "share save" scheme a few years ago. The £10,500 pot is now £8200 and there is no way I'm selling at the current price, the boat will wait a while. They will probably drop still further but it's only a loss if I sell. come to that, if I remember they only cost £4500 so I'm still ahead, but not as much as I was.
Seminole.
Cheers Bob.

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trouville
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Postby trouville » Sun Oct 26, 2008 9:57 pm

ive always thought banks should be limited to lending no more than say 23 times for each pound they hold.

If a bank uses dirivities it should be called a casino

Shares have in some cases fallen below there value looked at in classic pe terms but perhaps the outlooks bad??.Credit spending had got out of hand in the UK

Sadly it will be the shopkeeper, furniture maker, employee that will loose in the long run banks will re invent themselves and the cycle begin again As somone posted earlier theres more troubles ahead indeed who would want to pay for a house worth less than then debt

Rule are needed rules should be regulated.The UK wanted to regulate but the finance sector dident want it who would have.

When theres been no money for education or the forign office where has all the money come from now?How will the debt be paid?

I wonder if port prices will be reduced??Perhaps the places cleared to provide mooring for 20m boats will be re allocated for more humble boats?


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