"“We have lent a huge amount of money to the U.S. Of course we are concerned about the safety of our assets. To be honest, I am definitely a little worried.” "

Chinese premier Wen Jiabao 12th March 2009

""We have a financial system that is run by private shareholders, managed by private institutions, and we'd like to do our best to preserve that system."

Timothy Geithner US Secretary of the Treasury, previously President of the Federal Reserve Bank of New York.1/3/2009

Monday, September 17, 2007

Alliance & Leicester get the NR treatment

At the close of business today the market makers marked A&L down to 600p that's a drop on the day of 31.27% - A market value of £2.58 Bn.

How long before the queues form outside their branches ?


Anonymous said...

So, where do we put it?

Just transferred some cash from N/Rock; going to transfer some out of the Bradford and Bingley. (Leaving 2K in bank 'cos UK gov will be liable for that amount).

But is it going to be out of the frying pan?

Shutter said...

As previously remarked the vast fortunes of the Patel estates have been secured in 1 Year Abbey Bonds.

1. Good Rate
2. Instant access (but you lose 90 days Interest)
3. Run by hard headed Spanish not whingeing Geordies who cannot field a decent footba' team
4. Bank Santander have vast global reach - loquidity / solvency is simply not an issue and they were quick (and sensible) to boost mortgage rates.
5. They support Lewis Hamilton which is evidently a sign of great integrity in the banking world.

This is not Financial advice , Lord Patel is not a registered Financial liar.

IF you are young, female and beautiful (and evidently solvent) you are invited round for an ayurvedic massage session - which judging by the smile on the face of Toni Fabuloso is shortly to comme

(C) Very Seriously Disorganised Criminals 2002/3/4/5/6/7/8/9 - copy anything you wish