Tradefair & Financials
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Lloyds Banking Group Shares.
Lloyds Banking Group Shares.
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I can't believe how ludicrous this stock has become although read my first post and i called 22p spot on
I traded wildly with my first buy 47p- 46p- 44p -41p .. then bailed out before they crashed to 30p Bought back in again last week @ 27.44p thinking they couldn't get much worse but this stock is just so sickening to watch .. setting fire to my cash would probably be quicker , less stressful , and make more sense  Rollo are you not getting seriously worried they'll never rise again ? Personally i'll be happy with trading out again if they rise a little from here as i can't take much more of this the way it is gl all |
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I am not worried about Lloyds not rising.
Must confess I was not long ago. I bought some in August but sold them in October  I don't feel tempted to buy again now. I felt dirty supporting a company like that, their adverts make me want to puke. Money isn't everything is it? |
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Whippet...Why do you say that Lloyds are toast if the housing market goes???
Mainly due to the HBOS takeover and all the toxic debt there ?...or something else? |
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copy this thread for future students harvard
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I dont understand why anyone would touch this stock when you can buy smaller less know companies that currently hold more cash in the bank than their stock price is worth
No one knows what Lloyds holds and I fear we never will |
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Money isn't everything no mate ..
However i don't intend to give it away to these crooked spivs .. So .. i've topped up at my bargain basement price of 22p  Average now 25p .. though i probably bail again if it rises next week  |
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Last week the government decided to use our taxes to underwrite mortgages. Today to use our taxes to underwrite business loans. It seems in the future the banks are not going to be allowed to make any losses at all. Just profits from their lending with little or no risk attached. Rather than a sudden bailout later, as any mortgages/loans go sour, they just get our money on the quiet.
How do I go long bank bonuses? |
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I beg to differ. These guarantees, bailouts and assorted other government schemes will not be paid back through "our taxes". They'll be paid back through......drum roll please...inflation. Which is a different kind of tax levied upon all of us by an unelected money cartel controlling the money supply, but I digress.......
"Just profits from their lending with little or no risk attached." Isn't this what banks should be doing in the first place through proper risk assessment? It's the gambling with the public's money levered to infinity that needs to stop, not profits through lending. |
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Banks have done risk assessment and decided not to lend. Now the government is taking the riskiest part of the lending instead.
Take the new council mortgage scheme that Lloyds participate in. FTB's 5% deposit, councils 20% deposit, banks only incur any loss after a 25% fall. Councils have been given triple AAA ratings because of the willingness of the government to be lender of last resort. Result = banks lend, banks make profits, anything goes wrong government bails banks out indirectly via councils. Now it's businesses as well. |
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Here, read this so I don't have to retype the whole thing again, it explains why THEY HAVE TO CONTINUE WITH BAILOUTS, GUARANTEES AND VARIOUS OTHER POLICY INTERVENTION SCHEMES:
Menelaus Joined: 03 Feb 05 Replies: 1298 22 Nov 11 17:12 melv, the system is failing......because it was designed to fail from the outset. The bankers know that, the public evidently still doesn't. Money is created as DEBT. Debt is a claim upon future GROWTH.......that is what the interest is. Exponential growth is needed in the current monetary system to pay the coupon. That's how compounded interest gets paid. The minute real organic growth stops, the system collapses. The government in order to prolong the status quo......BORROWS ON YOUR BEHALF whether you like it or not. This kicks the can down the road for a while. The problem being that this kind of borrowing leads to malinvestment, capital misallocation and more debt that can not be serviced. Accelerate the rate of the demise by the madness of morphing that debt into 40 or 50 times the money in an ever increasing pyramid of debt, layer on top of that the disappearance of cheap oil which inhibits real growth, and...........boooooom, the ponzi system collapses onto itself. This is where we are at now, it's just that most people haven't clued in yet. Hyperinflation.....is how this ends. What confuses people are the bouts of deflation in between. This stuff is not rocket science FFS. Yes, privatizing the gains and socializing the losses is what happens when the banking cartel captured government while the overwhelming majority of people slept.... |
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And did you see that little nugget in the OECD report today? They are calling on the Bank of England to resume quantitative easing and for the government to stand ready to recapitalize banks again.
Their only interest is preserving the status quo. The only solution they see to the problems caused by economic contraction and an insolvent banking system is the same failed policy response they advocated and tried before.....PRINT MONEY. The public be damned. |
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AND.PRINT.THEY.WILL.
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I don't see what I have said is wrong. I know all about QE inflation theft thank you and how it might end but this thread is about Lloyds. You seem to want to argue what I have said about banks and turn it into something else because you have an hyperinflation agenda.
I am not going to reply to you ever again because you seem like some sort of troll. |
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Beyond expressing surprise that the government continues to borrow to support the system, that banks privatize the gains and socialize the losses, and incorrectly assuming "our taxes" will pay for all this nonsense, your post was spot on.
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Sold at 24.5p on the Bounce for a small loss
Hoping for 22p again soon ....... Might even make a profit one of these days  |