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Richard
I am with you mate, My take on it as a very long term investor is , back in the early days of PPI claims the banks were not settling claims fast enough (because they were investigating them properly) so Lloyds got hit with, I think, a £400 million fine. They soon learned (as they were meant to) that it was cheaper and easier to crack on and settle the hooky claims than pay the fine.Claims management companies made hay while the soon shone as you would expect and took their cut which is substantial (and paid taxes)
The government knew that when the rot set in on the banks the exchequer was going to lose one of its biggest sources of revenue (the banks) for quite some time, so he bailed them out but with a few rules and deals, he came up with the PPI Scenario to put billions back into the economy via the unworthy who would fritter it away quickly , the premise to the bankers was "get it done and no one goes to jail". They have had 10 years of it , never been seen before anywhere is the world, the Americans mirrored the bail out thought out by Brown and Darling and Obama even gave them credit for it in one of his speeches, but he did not go after the banks in the same way , hence they recovered much quicker (its not the American way)
The Car companies falsified emissions data in a huge fraud that made the market for diesel cars boom to billions of Euro / GBP but got fined only a few of hundred million, "go figure" as the yanks say, Brown even promoted Diesel as cleaner than petrol to help things along , then taxed them accordingly, now we are told the opposite (as if we did'nt know) and they will be phased out to be replaced by electric (helping their sales no doubt) and they in turn will pay taxes as will the consumer, not to mention the new industry of making the charging the batteries which will be huge (and they will pay their taxes)
Gets to be a theme does it not ? we are being manipulated and the only good news is that Lloyd turn ends in August this year and we can only benefit from that (unless "they" know different)
at the minute at 16.3
In so far as the SP goes, I think removing the uncertainty over funding counters the obvious dilution, don't forget you moaners, CF has diluted his own holding as well as ours, I think he calculates that sentiment will bridge the gap , me too, if he is wrong , he loses far more than any of us will
Its on its way back up now , don't know how far it will get today, but personally I do not think its a disaster, not getting the funding would have been
just gone, but should not be for long
says its going down on open
Short term pain for long term gain
Wids , Magnetic North , the subject that no one talks about !!! it moved from the Pole to Vancouver over a decade or so and no one appears to give a sheet, so the earths axis is going to change but its not a problem as long as we stop Cows from farting and stop eating bacon sandwiches
Its sounds like you were in a "good position" a couple of months ago, that's how it happens mate and I will guarantee you will not feel 18 in a years time , sleep deprivation does that to you , you'll see
Congrats on the news, you will find that boy or girl it will milk your time and your money well into their thirties , so stick to your plan , you will need the cash , they are worth every minute and every penny they take though, I have one of each :-)
Taverham - Spot on mate - wife is a Senior Sister and the waste that she see's every day is appalling , the Pensions and Lump sums that they wangle for themselves are eye watering , the general public does to get to hear about that , they would be up in arms if they knew
I hope you don't mind I have copied your post to the BDEV board in answer to the question , "what do think of last night" as I could not have put it better
The below post from the SXX board puts it really well in my view, what a bunch of corrupt half wits we have in our parliament ,
KnockinOnHeavens
Posts: 1,340
Opinion: No Opinion
Price: 20.00
British PoliticsWed 23:04(off topic - sorry)
I am watching the news thinking that British politics are such a disgusting bunch of cowards....Unbelievable.Playing political games when the country's future is at stake makes me sick to my stomach. Half of them should be jailed for treason and acting against country's best interest. A complete disgrace.
And actually I feel sorry for Theresa May. It so easy to to point fingers and avoid taking responsibility. But she was actually the only one who had the courage to take up PM's position when the rest was s#*!!ing their pants in 2016....
KOH
Agree with ffcmember 100% spot on Koh
Barry Dodd would be a fitting name , but think its too late to do that
Decided to jump ship yesterday and take the hit (wrote It off mentally a long time ago)
Good luck to all those that have had to hold in hope of getting something back after the used car salesman fkd us all
Come on Frank prove me wrong when I say there is no evidence that you are any better, you don't bullshit every week like DB did , you just say nothing, several years you have had to make your mark and feck all has happened other than you amassing several million to spend on yourselves, what was all that bullshit that you were motivated by an old woman that had lost all her savings.
I do hope that I am wrong for the sake of all the LTH , I will laugh my head off if I am , ta ra