Steven
Active Member
.... er no. If I won't lend money to you at 5% on the basis that I think you might go tits up in the next few months, then lending to you at 4% is no more attractive. :icon_conf :icon_conf
Credit Crunch
- Thread starter drummindefender
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.... er no. If I won't lend money to you at 5% on the basis that I think you might go tits up in the next few months, then lending to you at 4% is no more attractive. :icon_conf :icon_conf
Durham Fox
El Dude Brother.
OK, sorry. I was wrong.
bocadillo
Water Gypsy
It's only about three weeks since all the papers were listing IceSave as having the highest interest of any easy-access ISA account; I'm just pleased that I put off until tomorrow what I could have done yesterday and left my money where it is.
It's being reported that it will take three months to get deposits back and then from two separate sources. Sorry to hear that you've been affected.
Darth Vodka
Well-Known Member
:icon_bigg
1) the BOE does not answer to the treasury, it only has to write a letter that depends on inflation
2) the banks do not answer to the BOE, they answer to their shareholders
spionfox
Well-Known Member
Ditto. I had considered it but decided to stick with my Nationwide eSave account.
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Steven
Active Member
You might be right but that was how I saw it. :icon_wink
Hazzman
New Member
What about used cars? I understand they have dropped no end of late.
bocadillo
Water Gypsy
We're both ****ed if Nationwide goes down the swanee then!
newtonfox
Active Member
Your not on your own lads :icon_sad:
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Brauny Blue
Active Member
Darth Vodka
Well-Known Member
it's not all bad news though
fcukcov
Active Member
Might consider going back again now if the beer is better priced!
pork pie fox
Well-Known Member
homer
Well-Known Member
Steven
Active Member
As I said to DF yesterday, if I won't lend to you at 5% because I am not certain about you or the assets you own, why would I lend to you at 4%. The problem is not that people want to borrow, it is that few want to lend.
The rate cut might make a difference but why would it?
Chuck T Masala
New Member
Just been told no bonus to be paid in 2009.
homer
Well-Known Member
As I said to DF yesterday, if I won't lend to you at 5% because I am not certain about you or the assets you own, why would I lend to you at 4%. The problem is not that people want to borrow, it is that few want to lend.
The rate cut might make a difference but why would it?
But the rate cut is not about the banking shambles, it's a feeble attempt to stimulate demand
And it won't make an ounce of difference
Matt_B
Well-Known Member
Potentially it could make a difference to me in May when my mortgage is up for renewal surely?
Darth Vodka
Well-Known Member
and send inflation spiralling...
Darth Vodka
Well-Known Member
The rate cut might make a difference but why would it?
improved liquidity
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