story is of no greater consequence to the British Economy as a whole. So no.

or indeed entirely 'hypothetical' that we have to be at serious risk of something going very, very wrong.

And IT are installing new software at 5:30!

The signs aren't good.

(I know it's the wrong thread, but I'm bored and thought it would be FUNNY)

Abando...

it may be mitigated by prompt action by gordon.

Please see my worry and anger yesterday in such threads as 'its the beginning of the end' and satchi and satchi.

and all of that was before northern rock requested assistance

The current culture of debt and lending can't last forever, if people can't actually pay it all off.

Queing outside northern rock to draw out all of your money isn't really going to help them much either.

The future's bright.

northern rock's problem is its business is very mortgage focussed - most banks a wide spread of activities and risk. i'm guessing northern rock will vanish and its business bought by competitors. but i don't think the wider economy is at major risk - there's still plenty of scope for injecting liquidity.

your savings are safe by the way, unless you have over £30k

are predicting big crashes soon and have their stock options ready to sell at a moments notice. They scare me

still thats a lot better than having borowings, with savings all you can do is lose it, with borrowings what would happeb if borrowing rates doubled or tripled or quadrupled.

The financial institurtions have already made clear that they will increase the rates even though the bank of england has not increased interest rates therefore one might say why should the bank of england help the mortgage lenders.

Of course they have to help them though and in the short term they should help them.

Its no good going into a period of re-adjustment as a panic out of control slide.

Gordon Brown and the BOE should atempt to bouy confidence, but with the provisio that things will need readjusting slowly (unless it is too late to stop the panicy slide)

One thing that will give is housing prices, i.e the BOE and chancellor should do all they can to stop them increasing, people whi have brought speculatively as an investment will (and should) be hit, simply because they are those who can bear the hit best as their investment is speculative and therefore not essential to them.

The worst thing of all would be to hit the large number of single home owners as this would further cause them to increase spending and send the (consumer......cos what else is britain) economy into recession.

Everything, all prices, expectations, nodels and forecasts and borrowing and lending has been based on rqmped up figures once thee start to look unachievable then companies (financial vcompaniies would be well adcised to not try to maintain their shareholders profit by hitting the borrowers or that would seriously kill the economy for good and have far more effect on destroying the west than osama has. It will mean vast unemployment, collapse of businesses and (since supermarkets are now the only way that people can be fed in this country) te y will need to be supported by government if they start to collapse.
monetary inflation will increase and value of over inflated capital investment will drop in real terms.
DFinancial institutions that lend will at first attempt to up their rates untill the arrears will force institutions to reposess. since this will potentially affect millions of people and there will be no-one to sell them to, unless the gov allows sharks to overnight possess all housing stock, then the lenders will eventually give up on repossessions but in the meantime they will have created thousands and thousands more homeless, jobs will dissappear, retail businesses will close, things to buy will become scarce, violence will erupt

ta da

I want some of the action, well without the loss.

anyone gots some free money for reece?