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British government to nationalize B&B

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    British government to nationalize B&B

    http://www.telegraph.co.uk/finance/f...ly-likely.html

    #2
    May be, may be not.

    Your point is what?
    I couldn't give two fornicators! Yes, really!

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      #3
      They should get everyone who has borrowed from them to repay their loans. Then they would have plenty of money.
      How did this happen? Who's to blame? Well certainly there are those more responsible than others, and they will be held accountable, but again truth be told, if you're looking for the guilty, you need only look into a mirror.

      Follow me on Twitter - LinkedIn Profile - The HAB blog - New Blog: Mad Cameron
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        #4
        That would be nice. I've got one of their bonds with 2 years left to mature. That way I'll get my capital back and be doing my bit for Britain in the meantime, comrades.

        tl

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          #5
          Typical.

          Can't even stay in a seaside Bed & Breakfast without these NuLab nazis nationalising it.

          You've come right out the other side of the forest of irony and ended up in the desert of wrong.

          Comment


            #6
            I wonder if HMG will value it as if it is bust so that shareholders get nothing and they can flog it off for a profit in a few years.

            Comment


              #7
              I have about £10k in a savings account with them.

              Should I be worried?

              Comment


                #8
                Originally posted by Clippy View Post
                I have about £10k in a savings account with them.

                Should I be worried?
                Yes. Send all your money to me right now for safekeeping.

                Comment


                  #9
                  B&b

                  its official now

                  http://www.telegraph.co.uk/finance/f...-Treasury.html

                  Comment


                    #10
                    Is this on the strength of B&B's recent job losses anouncement or was there more of an indication that they were listening to Dire Straits?

                    If all it takes is a bit of normal cutting back in a downturn to trigger a share collapse and inevitable rescue, there's going to be lots of similar cases in the coming months.

                    Fortunately the government is going to make sure no prominent "high street" bank goes under. Your savings are as safe as your pensions in their hands.

                    Are we seeing the government's ultimate tax system? Hold all your savings/investments to ransom unless you pay enough tax, which might coincidentally be the same amounts.
                    Feist - 1234. One camera, one take, no editing. Superb. How they did it
                    Feist - I Feel It All
                    Feist - The Bad In Each Other (Later With Jools Holland)

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