Barclays Share Discussion Threads

[monman] 17/8/2011 08:12

It looks like London will main its hold on the finance world as the EU commits suicide with their tax on banks. What a mess

[montyhedge] 17/8/2011 08:09

Barclays in the LEX today FT anyone know what Lex says? or link

[newm0del4rmy] 17/8/2011 08:09

"Introduce a financial transaction tax. Mr Sarkozy said: "The French and German finance ministers will table a joint proposal at the EU level next September for a tax on financial transactions. This is a priority for us."

A Declaration of War against London!

[robertfaulkner] 17/8/2011 07:57

Somnus back on form, all over by 8:45



My ADVFN is working now, did anybody else have trouble logging on at 8 am?

[savogi] 17/8/2011 07:53

isis - 16 Aug'11 - 16:18 - 70367 of 70382


How is lending money reckless? That's what Banks fekcing do you moron.
--------------------------------------------------------------------

isis -------- What is really going on


by Nathan Lewis
What basically appears to be happening here is something like this:

Let's say that IrishBank borrowed $1 billion from GermanyBank, for a period of 90 days. Ninety days pass, and it's time for IrishBank to pay the money back to GermanyBank. However, IrishBank doesn't have the money, and nobody will lend IrishBank the money because they are a bunch of losers. Now GermanyBank faces taking a loss on its loan to IrishBank. GermanyBank says to the Bundesbank (which apparently still has a function as a payments clearinghouse), "we have a big problem. If IrishBank doesn't pay us back the money, then we too will face a solvency crisis just like IrishBank, and nobody will lend money to us either!" What in effect happens is that the Bundesbank pays GermanyBank, but nobody has yet paid the Bundesbank. In effect, they are owed the money from the Irish Central Bank. This creates the "cross-border payments netting claims." The numbers are big -- €326 billion owed to German banks! In effect, the "GIIPS" have been suffering a bank run, and this is covered up by the central banks saying that IrishBank paid GermanyBank, when in fact they didn't.


This is only a brief outline of some of the larger avenues of banker theft. There are many, many other things going on, from HFT front-running on the stock markets and other forms of market rigging, to piracy via the bankruptcy courts, to stuffing Fannie and Freddie with losses, and on and on and on. Rob Kirby has done an excellent job of investigating some of these more arcane avenues.

[maximillian1] 17/8/2011 07:37

Buy today @168..and dont..miss out...

[cat100] 17/8/2011 00:31

dell crash. sell 2mro. FAST

[zimzoot] 16/8/2011 22:53

It's a Technical Mess All Over the World: Yamada

"rallies would be best used to lighten some positions"

[smurfy2001] 16/8/2011 20:38

Investing legend Warren Buffett starts buying with bombed out shares 'on sale'

FILL YOUR BOOTS UP WITH BARC SHARES - FOLLOW THE LEGEND

Legendary investor Warren Buffett has revealed that he has once again exploited a sell-off to plunge into cheap stocks.

'I like buying on sale,' the 80-year-old billionaire said in a television interview with broadcaster Charlie Rose on PBS.

'Last Monday, we spent more money in the stock market buying than any day this year.'

Buffett, the world's third richest man, also dived into stock markets during the depths of the banking crisis in October 2008 with own personal fortune and bought into Goldman Sachs via his investment company Berkshire Hathaway.

[leopold555] 16/8/2011 20:04

Interesting looking at the intraday chart and surprised Barc went down that far only to bounce near to where it started this morning.

No one mentioned today that these intraday moves could be due to more than fear gripping the market and of course the evil shorter! Yes it could also be a factor that there is no bar steward around to invest since it is August and everyone is on their yachts. Sell in May and go away – Don't Come back 'til St. Leger's Day

[wibbler007] 16/8/2011 18:39

Dolly to an investor and not a short term trader LTV ratio is vitally important when looking at a bank stock

[smurfy2001] 16/8/2011 17:10

Wonder if Barclays will buy MBNA next?

[hello dolly] 16/8/2011 17:10

Wibbler

LTV is meaningless term when there are no buyers.

[montyhedge] 16/8/2011 15:43

I filtered fxdealer today as well.

[hippo] 16/8/2011 15:28

and to be fair it is what the government are forcing them too do. Lending money, without full risk assessment.

[clodpool] 16/8/2011 15:25

isis

Do as I have and filter him

[isis] 16/8/2011 15:18

How is lending money reckless? That's what Banks fekcing do you moron.

[fxdealer3] 16/8/2011 15:17

where is aviva now ..last week £3.30 enough said .

Fool ...keep ramping ..u are making me a fortune

[fxdealer3] 16/8/2011 15:16

we will see who is right in approx 6 months .....I have been right for 4 years on BARC

Scrambling to buy into a reckless bank gambling with a investment banker at helm in bear market

Gamblers always lose ....short with part of profits to world hungry ..my form of wealth distirbution

Off for round of golf..politicans cannot prevent inevitable ..they can delay but not prevent

fx

[smurfy2001] 16/8/2011 15:12

isis,

I'm sure he can tell you as he disappeared from the Aviva thread after telling us all it would go to 300p. Well Aviva went upto 470p.

Now FX is trading pennies on BARC to at least fund his McDonalds habbit.

Cheers