So the safest bank around ( Lloyds) is about to go under
 

What the hell hope for the rest of them ? !

Good riddance. They made their money & should now suffer the consequences :nono:

TX.

Actually Lloyd's itself is profitable. It's the toxic addition of HBOS that has caused all the trouble. Another triumph for Gordon Brown.

Lloyds was fine .... it was buying HBOS which has dragged it into the Cak!

Government asked them to take over a failed bank and they did - seems we must now step in and take ownership of another bank.

The banking system has been shown to be corrupt, inept and poisonous .... letting it rot in hell would have been preferable to all this pain and sufferring! :mad:

I banked with them for many years and got a "platinum" credit card.
Only used it for the odd purchase and always paid back in full every month.

Without any warning, they slapped on a £35 "low useage" charge.

I cancelled it and stuck our cash in HSBC (and now NR).

Robbing gits.

Lets hope the debts die with these swine!!! (Esp mine) ;) D

serves them right,
they won't let me claim £800 of fees saying that they are waiting for the courts final decision!

wheres the link saying this?

I know they took over HBOS for a reason, and who wouldn't when those sums of money are being offered around prior to HBOS, LloydsTSB were one of the more stable and reliable banks, but if they are in serious trouble then I want my money out ;)

I'm a toxic debtor !

Ha ha !

dunx

P.S. credit card limit just raised to £14,200 today !

I'm loving the way the whole world is blaming the banks - luckily no-one borrowed more than they could afford to repay.

Surely, if you pay your bills on time, this wouldn't be a problem? :wonder:

bloody hell is this true? :freak3:

They shouldn't have been offered the opportunity to borrow the money in the first place !

is rbs part of them

RBS are separate.

I hope Lloyds dont go under otherwise I wont be able to get my GT3 as they are my biggest client!!

Actually that means that the great unwashed are paying for 40% of my new car ;)

The problem isnt mortgage defaulters, its the way banks have repackaged and repackaged products to sell, then resell, then resell, all the time getting a percentage.

nope it weren't really that most of the time is i am overdrawn by 1-2 day (and its always the damn weekend)
and then gets charged about £35

Thanks CrispDuk I read that one and thought the OP must have been refering to another story what actually stated they were in trouble....

That only says the share price plumeted because of the bonus thing, LloydsTSB I think were one of the lucky banks who only had about 200million of subprime problems which was small compared to others, I doubt they will go under especially as they had the wad of money for taking on HBOS plus 40% of government ownership, which itself will mean they would never let it go under.

Excuse my ignorance folks, so if you,ve got say 30k savings in this mentioned Bank, is it a case of get it out quickly?? :confused:


Infact for that matter, do people need to move money out of most Banks??:wonder:

Live for today mate! Get your money in something tangible and tasty in the garage ;)!!!

You cant trust this 'financial' lot further than you can throw them. My pension is a joke - unlike their bonuses. D

Another great Flash style initiative by the looks of it! Pity they went along with what he requested.

Les :(

Diesel,

There,s some truth behind that mate, a nice 22B, or a nice RS500 Coswoth will probably hold, or even go up ion value..;)

i'm with lloydstsb,

i spent most of my cash yesterday on my new wrx,

the way i see it, is that i'm helping the country by spending and putting more money about.:lol1:

No 30k is safe 60k move some ;) if everyone decided to move their money it would be NR all over again people shouldn't panic as Lloyds are ok, they have just intimated 1.3b profit on the Lloyds side but HBOS losing 1.6b so in real terms not that worrying.

BBC is your friend ;)

It also has AWD and ABS unlike any pension or >yawn< ISA ;)

You know it makes sense!

D

I agree that people are responsible for over borrowing but they can only borrow if someone is willing to lend to them, all the good "Prime" loans got snapped up then they migrated down the socio economic ladder to catch the sub prime, they got bitten as its called sub-prime for a reason, remember they were lending to people who aren't smart enough to realise the consequences (maybe they weren so daft as there werent any consequences anyway).

So they loan to the thick, the greedy, the shortsighted, the optimistc, gullible etc which was great for a while, they were cleaning up lending money, getting the commision, which is to be honest the main problem, financial advisers going round the projects and trailer parks signing people up, they get their loan, the FA gets the commision and the banks get the debt, which they deserve as they lowered their criteria for acceptance so they could get more business, probably at advantageous (for the bank) rate of interest, six figure bonuses, Champagne and some Coke all round seeing as we are all so clever.

It would be great to laugh at the banking industry but seeing as I have lost a fair few quid I find it hard, f*ck being prudent, saving and doing without, might as well have spunked every quid I have.

So if you get done for speeding it's the manufacturer's fault for offering a car that does more than 70? :wonder:

It's always someone else's fault.......

Geezer

The tax payer owe 43% of the Lloyds group, there's no chance of it going under.
Yesterday I had to queue for quite a while due to the amount of people depositing cash so there's no sign of people starting a run similar to Northern Rock. :thumb:

That's not really an analogy you can use in this situation.
Lending criteria should be based on the individual's ability to repay the debt, and it's plainly obvious that these criteria were circumvented in order for financial advisers to sell loans and pick up commissions.