Nobody will believe me
So non voting preference shares are ok because they don't break the rules.
What, the rules which have resulted in the banks needing so much of our money. Is that the sort of rules we should be following.
People must listen to Darling, these are extra-ordinary times requiring extra-ordinary action, and Darling Brown are just the men to do it, I mean you seriously could not make it up.
This gets worse by the day, just wait until Monday, now that will be an absolute bloodbath. Why, because in the old days when they nationalised an industry they at least gave compensation to the shareholders, this lot are just going to let them fall to nil-value.
Look what happened to Northern Rock, nationalised how much to shareholders? Bradford and Bingley, how much to shareholders? Would you wait until the shares go to nil or are suspended, like do we look stupid, so what do you do, sell!
As for closing stock exchanges, get real, if people even thought that the authorities what do that preventing you from action what would you do, Doh! An absolute no brainer.
let me explain a problem with the banning of short selling with borrowed stock.
Now an investment bank has a holding in a bank, for the pension funds it manages. Now, it wants to buy some more shares but actually thinks that the price is too high, remember we are talking pensions funds which cannot trade.
So, le's say it knows of a hedge fund which wants to short the stock, would anybody disagree with the investment bank lending the stock it actually wants to buy to the hedge fund so that they then sell the stock and the price falls.
The investment bank can then go into the market and purchase the shares at a price it thinks is beneficial. The short seller has drawn out the real sellers.
The investment bank is then happy because it has acquired the shares at a realistic price, the sellers have got out, and the hedge fund is happy because it has covered it position. The price then rises back to its previous valuation. Is anybody unhappy, only the real seller!
They were so wrong to ban short selling, it kept everything moving, now everybody is a seller because of the effective nationalisation of the banks, where do the shareholders get their compensation, they don't unless they sell now!
I know that this might seem to be more economics than ploitics, but why isn't anybody asking why all this money was placed with Icelandic banks, did people, or institutions make up their own minds or did they receive any advice. if advice was given then who gave that advice and if they did then did they receive any commission?
These are the questions I want asked, and can we get some answers please. I want the stocks brought back, and the ducking stool. Let's get at the truth, whatever that may be.
The idea that is being spun that somehow Gordon is the right man for the job, then can we be told how much money he will lend to the Icelandic government to get 'our' money back. Comew on, are we going to lend money to Iceland, simple as that. Oh, I forgot we have frozen some assets to protect our savers, bit like frozen cod sticks.
Complain about this comment
What, the rules which have resulted in the banks needing so much of our money. Is that the sort of rules we should be following.
People must listen to Darling, these are extra-ordinary times requiring extra-ordinary action, and Darling Brown are just the men to do it, I mean you seriously could not make it up.
This gets worse by the day, just wait until Monday, now that will be an absolute bloodbath. Why, because in the old days when they nationalised an industry they at least gave compensation to the shareholders, this lot are just going to let them fall to nil-value.
Look what happened to Northern Rock, nationalised how much to shareholders? Bradford and Bingley, how much to shareholders? Would you wait until the shares go to nil or are suspended, like do we look stupid, so what do you do, sell!
As for closing stock exchanges, get real, if people even thought that the authorities what do that preventing you from action what would you do, Doh! An absolute no brainer.
let me explain a problem with the banning of short selling with borrowed stock.
Now an investment bank has a holding in a bank, for the pension funds it manages. Now, it wants to buy some more shares but actually thinks that the price is too high, remember we are talking pensions funds which cannot trade.
So, le's say it knows of a hedge fund which wants to short the stock, would anybody disagree with the investment bank lending the stock it actually wants to buy to the hedge fund so that they then sell the stock and the price falls.
The investment bank can then go into the market and purchase the shares at a price it thinks is beneficial. The short seller has drawn out the real sellers.
The investment bank is then happy because it has acquired the shares at a realistic price, the sellers have got out, and the hedge fund is happy because it has covered it position. The price then rises back to its previous valuation. Is anybody unhappy, only the real seller!
They were so wrong to ban short selling, it kept everything moving, now everybody is a seller because of the effective nationalisation of the banks, where do the shareholders get their compensation, they don't unless they sell now!
I know that this might seem to be more economics than ploitics, but why isn't anybody asking why all this money was placed with Icelandic banks, did people, or institutions make up their own minds or did they receive any advice. if advice was given then who gave that advice and if they did then did they receive any commission?
These are the questions I want asked, and can we get some answers please. I want the stocks brought back, and the ducking stool. Let's get at the truth, whatever that may be.
The idea that is being spun that somehow Gordon is the right man for the job, then can we be told how much money he will lend to the Icelandic government to get 'our' money back. Comew on, are we going to lend money to Iceland, simple as that. Oh, I forgot we have frozen some assets to protect our savers, bit like frozen cod sticks.
Complain about this comment
posted by Catch22 at 12:00 AM
0 Comments:
Post a Comment
<< Home