ChatterBank1 min ago
b & b
35 Answers
Any sympathy out there for the ordinary Joe, with his / her 250 shares in Bradford & Bingley ?
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Yep - shares in anything are a risky business. It's only a more legitimate form of gambling, and no-one has any sympathy for the gambler who loses all on the 3.45 at Haydock. You're told, when you buy shares, that the value can go up or down. They are never a secure investment.
And surely, if you are given shares, then you are at liberty to sell them if you don't want to take the risk?
What I resent is paying my taxes to bail out an organisation that's lost gone bust through lending too much money to debtors who were allowed to get in over their heads, especially when I, as a previous bad debtor, have worked so da**ed hard to get out of it!
And surely, if you are given shares, then you are at liberty to sell them if you don't want to take the risk?
What I resent is paying my taxes to bail out an organisation that's lost gone bust through lending too much money to debtors who were allowed to get in over their heads, especially when I, as a previous bad debtor, have worked so da**ed hard to get out of it!
How about reading the thread jno?
This isn't about investors this is about windfall recipients
I was one for Halifax too.
I think I'm showing my caring side by being more concerned for the hundreds of people who'll lose their jobs over the couple of hunred shares that I got simply for having a mortgage with them.
As it happens I'm a lot further down on stocks on the US market over the last couple of weeks but I'm not on here bleating about it while some people's lives are crumbling around them!
If you can't take losses you shouldn't invest in the stock market
This isn't about investors this is about windfall recipients
I was one for Halifax too.
I think I'm showing my caring side by being more concerned for the hundreds of people who'll lose their jobs over the couple of hunred shares that I got simply for having a mortgage with them.
As it happens I'm a lot further down on stocks on the US market over the last couple of weeks but I'm not on here bleating about it while some people's lives are crumbling around them!
If you can't take losses you shouldn't invest in the stock market
The people critcising share purchases and the ike seem to have forgotten that the majority of pension funds, even in the public sector, are reliant on their shareholdings and dividends for income, since contributions do not get anywhere near the payout figures.
Irt needs, too, to be remembered that this situation is a government engineered one. the share prices had dropped. So what. It's a paper loss. the directors would quite possibly have sorted the problem out, but Gordon Brown had to show how clever he is with money. Having spent twelve years running Britain into the ground and selling off anything profitable, felt he had to show he actually understood what was going on, which of course he didn't.
Slowly but surely he wants to take banks into public ownership, even though many of the banks are now owned by foriegn groups. The decision to go along the route he has taken was political, not sound financial judgement. He hasn't actually got any sense of judgement.
Irt needs, too, to be remembered that this situation is a government engineered one. the share prices had dropped. So what. It's a paper loss. the directors would quite possibly have sorted the problem out, but Gordon Brown had to show how clever he is with money. Having spent twelve years running Britain into the ground and selling off anything profitable, felt he had to show he actually understood what was going on, which of course he didn't.
Slowly but surely he wants to take banks into public ownership, even though many of the banks are now owned by foriegn groups. The decision to go along the route he has taken was political, not sound financial judgement. He hasn't actually got any sense of judgement.
