If you had money in Northern Rock

Discussion in 'Bulletin Board ARCHIVE' started by Wastyke, Sep 14, 2007.

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  1. Mos

    MossMan Active Member

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    No

    And if i had some spare dosh i'd be buying shares hand over fist, because they'll bounce back.
     
    MossMan, Sep 14, 2007
    #21
  2. EastStander

    EastStander Active Member

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    RE: No

    Think I'll keep an eye on them for a few days....try to pick some up at rock bottom
     
    EastStander, Sep 14, 2007
    #22
  3. Was

    Wastyke New Member

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    Queing in droves to get their money back from Northern Rock

    Have they all been reading our posts :D :D :D
     
    Wastyke, Sep 14, 2007
    #23
  4. KFC

    KFC Well-Known Member

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    The only way a problem can arise here

    is if people do precisely that. It's disturbing how little people seem to know about credit creation and the means by which banks lend. The bank has never held in any real form the amount of money that its customers have in their accounts, and the entire system relies on us having confidence in it. If that disappears, then we have no banking system to speak of and the country is fcked.

    Northern Rock customers - there is no problem. The Bank of England has done what it is there to do. The only way a problem arises is if you create one!
     
    KFC, Sep 14, 2007
    #24
  5. KFC

    KFC Well-Known Member

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    Bad news!

    does no-one remember Russia ten years since?
     
    KFC, Sep 14, 2007
    #25
  6. La Dent de Crolles

    La Dent de Crolles Well-Known Member

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    It is a bit of a puzzler,

    could happen to all the banks one by one.</p>

    Thank god I aint got any savings.</p>
     
    La Dent de Crolles, Sep 14, 2007
    #26
  7. KFC

    KFC Well-Known Member

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    Me neither - quite the opposite!

    but the situation is the same as it always has been... I haven't seen anyone rushing to the bank before
     
    KFC, Sep 14, 2007
    #27
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