 I am two thousand pound overdrawn? |
with the northen rock bank if it goes bust will i get away without paying them?
Additional Details
who rattled your cage ... |
|
 Stock market advice? |
| what are the most important things you would tell someone interested and new to getting involved in the stock market?... |
|
 What forex business?who can teach me??? |
| how to get profit in forex business?... |
|
 What are some good stocks to invest in.? |
| Please give ticker symbol or if you dont have that the companies name. Please dont direct me to buy CD's or tell me not to invest in the stock market. I am just looking for some stock ideas for ... |
|
 How lucky have you been with Premium bonds? |
| I feel as though I'm the most unlucky person in the premium bond list. I never seem to win. Does anyone win on a regular basis?... |
|
 I HAVE RCVD A MAIL FROM UK NATIONAL LOTTERY, INFORMING ME A WINNING OF HUGE AMOUNT [Apprx.9 lacs pound sterlin |
| The UK Natioanl Lottery informed me that I have won in one of their web based draw with my e-mail id, and now gained a huge amount. [amt specified] they adviced me on my quest that, to claim the ... |
|
 G.M. and Ford Stocks are tanking! I wonder if its time to buy? |
| WOW! G.M. stock is now at 1929 prices! I dont have any stock only money in the bank and 20 years before retirement!. I wonder if it would be a good buy? I figure $30,000 would buy a lot of shares and ... |
|
 Hi all, how mutual funds works can somebody please explain?? |
| i want to invest but not very clear on how it really works and is the profit flat or depends on market status??... |
|
 What is the best way to invest $120,000 in order to receive income? |
| I just inherited this sum of money and I would like it to generate some monthly income for myself. It doesn't need to grow, maybe slightly to keep up with inflation. I'm mainly interested ... |
|
 Ok. How do you make money whithout money? |
I have worked for more then I care to share. So I know some where alnog the line I messed up!!!!!!!!!!!!
So Is thier a way to make money whithout money? kiska,... |
|
 I have $ 2,000.00 to invest what is the best thing to do with it? |
Additional Details
im 18 years old and i'm looking for ways to invest and how everything ... |
|
 Where is the best place to put aside money, with nor risk, while gaining interest (CD's, online savings acnt ? |
| I'm only 16 by the way but im just wondering, and im wondering about places with no risk... so not stocks, etc... thanks.... |
|
 How should I invest $70,000??? |
| i am 27 years old and taking a buyout from ford motor co. how can i get the most out of money?... |
|
|  |
mindblock | Honestly, Are all these Northern Rock people mad? |
I can't stop watching the news where they are all queuing up. They just don't get it do they?
Additional Details
To Allen555, No I wouldn't. I read and listen which is the whole point of me asking this question in the first place. |
 |
 
snetterton
|
They're not mad - they just don't understand. If they only listened to the news or read a (decent) newspaper i.e. NOT the Daily Mail, they would know their money is safe. Their behaviour will just cause more problems - for everyone. |
|
Northern Spriggan
|
The consumer panic actually will kill off the Northern Rock.
Thanks simpletons, i was planning on getting a mortgage from them. |
|
skippy12345
 |
i think its great Northern Rock were solvent went public with there problem which they state would onlyhave been for one month and their loyal customers are causing a run on the bank.
" im scared in case they go broke"
they wont go broke if they leave their money in the bank bloody morons
i think Northern rock shouldnt open the doors for a week would be a laugh might cause a robbery might cause a wave of common sense |
|
cheek_of_it_all
|
Yup, mad as hatters.
It just shows how much attention that they pay to the news.
They hears that NR was in trouble and were out the door before the additional information about the assistance they have been given by the BoE.
If anything this panic withdrawal of cash may cause the NR group to fold. It is a throw back to the Lloyd's collapse where the Lloyd's group folded from bad investment. |
|
El Cid
|
Actually NR is not as dependent on savers as others. Wait till it's a bank or building soc. that is more dependent on savers. If we act like this and start stuffing or savings under the mattress the whole banking system will collapse and burglars will have a field day.
But the BoE should have acted more responsibly. If I went to my bank manager to arrange a overdraft, I do not expect him to tell my neighbours, least of all the media, with words like 'we only will lend if we think that there is a threat to stability', as if things were already sliding under and they had to act to stop it. It's like saying that fire extinguishers will be provided because we think the place is about to burn down! What do you expect people to do when they then see the extinguishers being brought out! Stay calm, please. |
|
david536259
|
I guess they'll be keeping piles of used bank notes under their beds from now on! |
|
idlehippy
 |
I'll bet there are quite a few instances in the history of the world where the government and banks were saying 'don't worry your money is fine' right before a financial or even governmental collapse in which people lost everything.
I'd be a bit worried if I had money in Northern Rock no matter what anyone said.
If you move out of the financial arena wasn't everyone saying Rover were going to be fine just before it all went boink? Dodgy recollection so sorry if it wasn't quite like that. - The point is the governments job is to say its all going to be ok, don't panic. Thats when I start panicking, well not always.
Personally I hope it all goes ok and it seems fine but you never know - when the sub-prime thing went down the information is that it would affect everything in ways no-one could know. This is definitely linked to that but no-one can say it will be totally hunky-dory.
Good luck to them. |
|
enigma_variation
|
im going down to northern rock asap, there is going to be a lot of old biddies carrying 50 quid notes in their handbags
bring it on! |
|
claimbankchargesback
|
They aren't mad, I can sort of understand where they are coming from as they most likely worked hard for their savings and obviously don't want to lose them!
So mad no, misinformed yes!
The fact is their money is perfectly safe. For a start Northern Rock haven't needed to touch the loan from the Bank of England. Its there in case they need it, but they don't currently, but its sensible to have it available.
The Bank of England would not have lent the money to Northern Rock if they didn't think Northern Rock could survive and they would get it back.
Although Northern Rock are short of actual cash for future lending, they are asset rich. All their mortgages are secured on properties, and is guarenteed income, so they are nowhere near bankrupt!
On top of all this the money is protected by guarantees from the government. Savings up to around £32,000 the government will pay 90% back in the event that Northern Rock went under and couldn't pay people their money. However, very fee people seem to know this, and rather than news reports telling them, the reporters are hyping the situation up causing massive panic in the interest of a good story.
I think if people knew all the facts there would be very few worrying and withdrawing their money.
As it was £1 billion was withdrawn yesterday by panicked customers, and its this more than anything else that could cause the downfall of Northern Rock! |
|
Hibee
|
Perhaps James Stewart and his guardian angel will come along. |
|
bert
|
They certainly do seem a little silly, they cause more panic by panicking, The Bank of England is backing Northern Rock, the recent events are just a hiccup ! |
|
Jill
|
I agree with Snetterton - but it was obvious what was going to happen as soon as the news broke. |
|
allen555
|
Just scared. If all your savings were in that bank, you'd be scared. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
13 | 2 minutes(s) ago
| | | |
13 | 24 minutes(s) ago
| | | |
13 | 45 minutes(s) ago
| | | |
13 | 2 hour(s) ago
| | | |
10 | 6 hour(s) ago
| | | |
13 | 9 hour(s) ago
| | | |
14 | 11 hour(s) ago
| | | |
13 | 2 day(s) ago
| | | |
14 | 3 day(s) ago
| | | |
13 | 4 day(s) ago
| |
|
Homepage 
Financial
Forum 
Investing 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
