Extreme_biker0

The govornment are not re-imbursing the savers, the FSA are. The banks trading under the FSA (including icesave) all paid into this fund managed by the FSA to ensure savers were compensated. It's not your tax money. Becasue Icesave paid in, they are covered, rightly. There's £3.04bn in the fund at the minute. The FSA basically just tried it on; getting iceland to pay when they really weren't obligated to. I'm not sticking up for Iceland as they are guilty of malpractice, IMHO, but those are the facts. The great majority on here have nothing to worry about. Either: - the asset bubble (houses) will be allowed to pop, taking banks out as it goes, and making houses cheaper for everyone, OR (and this is what's happening) - world govornments will prop up the asset bubble by pumping enough cash into banks to keep them afloat. This inflates the currencies massively, making peoples savings worthless, so essentially it's the rich people (holding cash) that pay. It's money spent by the govornment causeing peoples savings to devalue through inflation. Inflation - the stealthiest tax ever (but only on the rich).

In windows volume control settings have you selected 'Microphone' as the recording source instead of 'just a load of screaching and hissing'?

Eradicate And a few more here

lul

ThIey'Nre

I don't think I would be.

Teardrop, by massive attack and newton faulkner. Can't decide which i prefer!

That's the idea. Don't go in all guns blazing with no reasons. These bankers want reasons, that they can note down on their computer next to the 'action log' entry that says this worker reversed this charge at this time. You say you've moved out to uni and that levying these fees on you will cause you hardship and might cause you to reconsider continuing your degree and that's a pretty solid reason that they can put down for you for reversing them for you. Work the system and you'll get it easy.

Bah muscle atrophy is a myth. I do a desk job, sat there for 8 hours a day dragging a mouse around a table, might as well be on the f**king moon, and I'm still strong as f**k. f**king f**k in fact.

How the hell can it be as cool now when the lead now plays a major part in coronation street. £10 says they ruin it, too.

Why has the woman got a bit of a muffin-top belly going on? Other than that I like it! You understand what I'm saying? The flyer's going for the chic pretentious hauteur look what with the font, layout, colours, but then the outline of the girl shows someone who's wearing shorts that show off her chub.

I want to go into outer space. How f**king mint must it be? I get a buzz flying a cessena plane and seeing the ground move away while in something less substantial than a car. Just imagine what it must be like to be half way in between the moon and earth, in some crappy craft resembling a tin can, that you are in control of. Must be the best feeling ever. And then to stand on another planet, and look back on the earth, through space, and think, fook me, we've come a long way! My biggest fear would be seeing this: What would you do then eh? Wouldn't like to shit myself in a space suit, there's nowhere for the smell to go.

Rub some chip fat in

No point moaning, but if what you say is true, i'd love to be able to say I had a hand in bringing down HBOS! Well i never thought I'd be sat at work all afternoon talking shop on trials forum! And now it's home time!

I'm staying out of shares too at the minute, it's all so unpredictable! I'm only holding Morrisons at the minute which are down, but i don;t need to sell and crystalise the loss so like you I'll hold them until they recover (never!). My finger was hovering over 'buy' on HBOS earlier last week when they were 120p, could have made a few quid there (though the TSB shares you end up holding are dropping like a stone too now!). Just don't have the guts. Saying that they publisised the buyout price at 232 and the shares reacted only +30p so investors were skeptical of the deal going through, the alternative being another northern rock (total loss!). So I pussied out but with reason!

Lol at Brett Wood. Hopefully he didn't take his own advice or he'll be pretty much bankrupt when his mortgage resets come around. Nice find! Shows how people who were once raking it in in capital appreciation, got it so wrong. They were making so much money that the wool was over their eyes! Got to feel sorry for him though.

You're definitely right about the conflict of interest for those in power; what is right is not what will be popular and get them re-elected. The only way I can see there being enough pressure to cut back is if there is total economic collapse. When you have millions homeless, food shortages, and power black-outs, employing CSO's will then seem outrageous, and will no longer be politically a good move. We are a long way off this yet. And it seems crazy to all of us, who haven;t lived through it before, who've grown up in constant economic growth. But it's happened in the recent past. There is nothing to stop it happening again. Coal mines were a large part of our economic activity once upon a time. When they closed it was chaos. Over the last decade or so, it has been the expansion of credit that has been the main driver of our economy. And now, with the credit crunch, that credit is dissapearing. It could be bad.

I think that in times of economic difficulty other more frivilous areas of govornment spending, like community support officers, crap like that, are cut back to compensate? But i'm not sure about this. Kind of makes sense.

Hehe it's quite complicated. Our currency is not backed by any kind of asset. All money is produced by the govornment*. The money in your pocket was simply created by the govornment, at the request of banks (at the BOE base rate) from where it circulates around the system. It's called a Fiat currency, like the car. More money in existence = more money chasing after the same goods = inflation. The more money the govornment produces in a year, the higher inflation is. So to reign in inflation the govornment increases the BOE base rate so it's more expensive for the banks to borrow. And therefore they borrow less; inflation is reduced. Another way money gets into existence is through public sector wages, for example (remember the big news about public sector wages being reigned in? This is because again more money = more inflation, and they're trying to get it down). But basically no, public sector wages will always be paid. The money is basically created to pay them. As this increases inflation, so interest rates will be increased to compensate. They don't need the money to pay for such projects; they sieze the opportunity of cheap labour to carry such projects out, and the cost of higher interest rates, but at the same time stimulating the economy by keeping people in work. *bank of england is supposedly independent blah blah blah i'm aware of all this i'm just simplifying to explain...

Your sister is victim to the shift in patterns as we enter the recession, but it is temporary. In times of high interest rates (early 90's last time, then they reached >10%) a lot of govornment construction takes place (credit doesn't affect them and what with all the builders out of work it's the cheapest time). So tell your sister to keep a keep eye on public sector ops as thats where the market will open up for her.

That's not what negative equity is. That is a budget deficit. Negitive equity is where the asset (the house) over which a liability (mortgage) is securitised is worth less than the liability itself. It is a serious problem for banks and owners because if the person starts to struggle to pay the mortgage, what can the bank do to get the money back which it lended to buy the house? It cannot sieze the house and sell it and get the loan money back because it is worth less than that. This is what sent Northern Rock under. Rule changes for accounting for instruments such as mortgages say that they can only be valued up to the value of the securitised asset (house) and not the full amount of the debt as this is not guarenteed past the price of the house. This took a huge chunk out of NR's balance sheet and it's liabilities were therefore more than its assets, making it technically insolvent. It was rescued by huge loans from the govornment. These loans aren't of your taxpayer money though (you think the govornment has £12,000,000,000 lying around lol?) it is money borrowed into existance (as all money is, believe it or not). This pushes up inflation massively, but it takes a while. It will benefit the typical person on here. Houses will be no more affordable (prices lower but interest rates higher). But you will be paying it off for a lot shorter period of time. Also with negligable savings, the inflation will not erode your wealth. With regards to buying a house: When interest rates are high, houses are cheap. When interest rates are low, houses are expensive (everyone has access to more credit pushing prices up) (this is where we are now). Interest rates vary. The debt, once you've bought, does not. So buy when interest rates are high, not low, like they are now. Another reason we will all benefit is we are all workers. We will work our way through this. Pensioners will be hit becasue as property and shares tank so do there pension funds. Top and tail is it will be pretty bad in the not too near future but if you can work and bring in a wage you're ok.

I thought you'd gone and it was a Big 'might' whether you were going to come back to the forum ever again? Or am I copy and pasting that thought from the wrong person? A quick google search found this which I found 53% amusing and relevent to the thread.

I'm sure it's nothing to be conCERNed about

Oh and sorry to be pedantic, I know it's a joke, but HBOS shares a year ago were around 850p and recently were purchased in a paper for paper transaction for Lloyds shares up to a value of 230p. So if you bought £1,000 a year ago they are worth £270, not £4.95!

You took £1 off each bill. So it's £9 each instead of £10 each. 3 x £10 = £30 3 x £9 = £27 Why are you expecting to add the £2 the receptionist took and get back to £30? The way the £2 fits into it all is that is the difference between what the guys paid (£27) and what they should have paid (£25). She nicked £2!