Knights Reborn

Looking seriously ropey? Wouldnt have thought such a large group would get hit like this.

down 31% yesterday

so far -26 today

I have a Mini Cash ISA and my current account with them

I mean nothing I can do about it to be honest savings should be secured but its worrying.

I dunno to move or not. Anyone else worried..?

Your position is pureley safe to be honest, your savings and current accounts like me to be honest should be safe up to the value of 50k which you dont exceed.


Although it got worse close of London Stock exchange saw RBS - 38% and HBOS 43

Icelands big bank went to peices today

Seriously worrying times ahead for the world

It seems the big 700$Bn US bail out has been a flop aswell..


HOWEVER, things can get worse yes and probably will but there will be a point where if sahres hit RBS say 70p per share and government takes a stake in it bank rolling it, opportunitists will see this as a long term maker so might invest the quick sell cannot be done so by investing to look to double share prices.. the businesses can regenerate perhaps..

Once the confidence is regained banks will lend other banks in turn lend the public and free money roams again allowing markets to finance and then supply demand increases and therefore ecomony can grow.

Sounds simple.. but its a tenative market and world right now.

i know ive probally got the worst idea ever on this, but im just not gunna worry, im just gunna wait it out and see what happens, then at the end of it sort it all out, rather then spendin hours at a time worrying, lol
ie, i choose lazy option

No I also choose not to get worked up by it, thats the problem in the first place people are panic merchants, hopefully the govermnet stake funding should help stabilise confidence in it and hopefully share prices will climb

Although in fairness Fazz.. if you were in my situation where you worked for the last 12 years built up saivings and ISAs and partial long term savings for retirements etc in excess of £10,000 and you see your bank half in value three days in a row... you'd perhaps see why people get scared.

The only reason I am looking to switch to HSBC at the minute is because their rates look better than my current ones.

I do get annoyed with the time it takes out politicians to act on this..