On 7 Oct 2011 at 10:22am Taff wrote:
I see Mervyn King has made sure the bankers get their bonuses this year!
On 7 Oct 2011 at 11:56am kevsy wrote:
yep more cash for them to refuse to lend, of course had the govt had any guts they would have made them sign up through Merlin, but they didn't want to upset their banking buddies. After all someone has to pay for Tarquin's polo lessons.
Funny it appeared to take a while for people understand Cameron's clueless approach to running an economy with no plans for growth. i think the message is slowly sinking in.
On 7 Oct 2011 at 12:15pm Kettle wrote:
Has anyone ever bought a financial product and been pleased with the results?
I'm just wondering, because everything we've ever bought that is related to the stock market is probably going to be worth less than if we'd held onto the payments and put them in a sock under the bed.
They always manage to make money for themselves though.
On 7 Oct 2011 at 12:29pm Ed Can Do wrote:
I did actually just get approved for a mortgage so they are lending now and then. Got a free survey and the fee heavily reduced too so can't complain too much.
That's not to say that quantitive easing is a good idea though. The same £75billion would probably have had a much greater effect on economic recovery if they just gave it out to every household and let people spend it.
On 7 Oct 2011 at 12:38pm Clifford wrote:
Kettle: We shifted our mortgage to HSBC earlier this year. Amazing incompetence in the local branch and at their HQ. So much so that they ended up waiving the fee. So, yes satisfied at the outcome (but what a way to get there).
On 7 Oct 2011 at 4:50pm Deelite wrote:
No financial product I've ever taken out has gained money. All of them (Endowment Mortgages, ISAS, Pensions, Property Bonds) have lost money and for all of them I'd have been better putting the money in a normal bank saving account (or under the bed), but even here, taking in the real rate of inflation (much larger than advertised) I'd have lost our heavily in real terms.
The best investment has been the house (due in a good part to the work I've put into it).... until now of course...
On 7 Oct 2011 at 4:55pm Kettle wrote:
Yes exactly - but at least you can live in a house.
On 7 Oct 2011 at 4:59pm Mme B wrote:
Deelite, can those of us who are a bit hard up come and rummage under your bed?
On 8 Oct 2011 at 3:42am Annette Curtin-Twitcher wrote:
My OH worked out that if he'd invested his pension money in classic cars, he'd be looking forward to a much more comfortable retirement!
To digress slightly, if my bank went down the swannee, would I still have to repay my overdraft and mortgage?
On 8 Oct 2011 at 7:39am Deelite wrote:
This is a question I asked sometime ago. I have an Offset mortgage. This is basically a mortgage with a bank accounts offset against it. Simply put, the amount I pay each month depends upon the difference between the amount I owe on my mortgage and the amount in my (savings) bank account.
I'd guess that if Barclays goes tits up I'll loose my savings, but not the mortgage and that Barclays would attempt to repossess my house.
Mme B. You can try, but you'have to find me first (and that won't be easy).
On 9 Oct 2011 at 6:34pm Fairmeadow wrote:
Ed Can Do has missed the point. If they just parcelled out the £75 billion to us at £1,000 each, the economy might well start to move, but the bankers' bonuses would not have been helped at all.
Who do you think all this is for?
On 10 Oct 2011 at 1:36pm Annette Curtin-Twitcher wrote:
Billy Bragg said as much on QT last week. He worked it out at £4k for every adult, and reckoned that it should be handed out in vouchers so that it had to be spent, not stashed away or used for paying off credit cards.
On 11 Oct 2011 at 3:41am Fairmeadow wrote:
Billy Bragg may be a great musician, but his maths doesn't look up to much. 75 billion divided by 60 million population is not far north of 1,000. This country doesn't have enough children to make the difference.