[orlandoblue]

Are they right to move all their money.

It seems to me all the northern rock have done is borrow money from the bank of england due to other lenders going all tight due to the recent events in the US housing market..

I think they will just exacerbate the problem by moving their money.

[Savage Henry]

Totally agree. Having said that, if my money was in Northern Rock, I wouldn't take the slightest chance and I'd be withdrawing all of it yesterday. Fortunately I'm not in that situation, but I think you have hit the nail on the head.

Edited for crappy typing skills

This post has been edited by Jim Pansy: 15 September 2007 - 16:37

[McMuffin]

It's easy enough to look in on this and think that these people are morons, since it's not my money.

However, if it was my money, i'd be down there queuing with them. Being a student, if my bank goes bust i'll probably be in better shape than I am now.

[Reina]

McMuffin, on Sep 15 2007, 20:18, said:

It's easy enough to look in on this and think that these people are morons, since it's not my money.

However, if it was my money, i'd be down there queuing with them.

Completely agree with that.

[keithgy]

Your 1st £2k is protected and after that the next £33k you get 90%.

[longjohn]

Yep, if it is your savings you don't take chances.

I had money in Equitable Life some time ago. They hit trouble and I got my money out sharpish. Just as well as the company went tits up.

At the time the financial authorities said EL was a reputable company etc etc.

Sound familiar?

[kiddy]

I removed my dosh from NR when they shut the majority of the branches, like Falkirk. Hell mend them.

[ClydeSI]

If I had money with the Northern Rock, I would take it out, wait until their shares bottomed out, and invest some of the cash in them.........

[MattBairn]

orlandoblue, on Sep 15 2007, 17:34, said:

Are they right to move all their money.

It seems to me all the northern rock have done is borrow money from the bank of england due to other lenders going all tight due to the recent events in the US housing market..

I think they will just exacerbate the problem by moving their money.

Theyre all pish

The D rock!!!!!

[Stu]

Liked the guy on the news who claimed he wasn't acting out of panic, just being rational

[killiepiemuncher]

It said on the news tonight that £1 billion has been withdrawn to 2 days by panicking punters. I smell crash.

[Swarley]

ClydeSI, on Sep 15 2007, 23:11, said:

If I had money with the Northern Rock, I would take it out, wait until their shares bottomed out, and invest some of the cash in them.........

That's what I was thinking as well. All the experts are saying there isn't a problem and that it's likely that NR will now be taken over. So surely buying some rock bottom shares would be a good move?

[Bloobell]

I wonder if Big Sam Allardyce has had his purse sewn up for now as NR are Newcastle's main sponsors are they not?

[orlandoblue]

McMuffin, on Sep 15 2007, 20:18, said:

It's easy enough to look in on this and think that these people are morons, since it's not my money.

However, if it was my money, i'd be down there queuing with them. Being a student, if my bank goes bust i'll probably be in better shape than I am now.

Debbie, on Sep 15 2007, 20:23, said:

Completely agree with that.

*sighs*

[vikingTON]

Capitalism doesn't work.
The end is nigh. B)

[Reina]

orlandoblue, on Sep 16 2007, 13:40, said:

*sighs*

What?

[Swarley]

vikingTON, on Sep 16 2007, 13:43, said:

Capitalism doesn't work.
The end is nigh. B)

Communism/Socialism doesn't work either.
The end really is nigh

[vikingTON]

DEX_Doonhamer, on Sep 16 2007, 13:51, said:

Communism/Socialism doesn't work either.
The end really is nigh

Yes it does.

[bobbykdy]

vikingTON, on Sep 16 2007, 13:52, said:

Yes it does.

Are you that tit Igor/The Russian/ Gorbachev/ Lenin or whatever it is he is calling himself these days in disguise?

[vikingTON]

bobbykdy, on Sep 16 2007, 14:05, said:

Are you that tit Igor/The Russian/ Gorbachev/ Lenin or whatever it is he is calling himself these days in disguise?

No.
Happy to help.

This post has been edited by vikingTON: 16 September 2007 - 13:09

[H_B]

Fast_Action, on Sep 16 2007, 14:00, said:

I lost a bit of money in Equitable Life. It is not the same thing at all.

The funds that I have in NR are staying there for now.

Exactly. The situations are completely different.

I feel sorry for the staff at NR having to deal with these panicking morons.

[H Wragg]

Hieronymous_Bosch, on Sep 16 2007, 16:27, said:

I feel sorry for the staff at NR having to deal with these panicking morons.

Me too. People were going apeshit when they weren't allowed inside the Glasgow branch at 1150am yesterday due to the fact that there were already 200 people inside!! With it being a Saturday, presumably it would be due to close in 10 mins or so. What were the staff supposed to do? Sit there all afternoon dealing with these clowns?

[H_B]

H Wragg, on Sep 16 2007, 17:31, said:

Me too. People were going apeshit when they weren't allowed inside the Glasgow branch at 1150am yesterday due to the fact that there were already 200 people inside!! With it being a Saturday, presumably it would be due to close in 10 mins or so. What were the staff supposed to do? Sit there all afternoon dealing with these clowns?

Exactly mate.

There was some hysterical old tart interviewed trying to get in at 11.50 and using the "why don't they think of the customers. It's my moneyyyyy" line.

Well you should have got your fat arse out of bed earlier then you stupid old woman, or wait till Monday - your money isn't going to disappear over the weekend.