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Old 09-18-2008, 05:12 PM   #1
Mummy_bean
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Join Date: Sep 2008
Location: UK
Posts: 34
Exclamation And This from the BBC - today. New World (financial) Order? Stark Warning.

Do read this article from BBC Online. This is from one of their economic comentators. The world is changing.

http://www.bbc.co.uk/blogs/thereporters/robertpeston/


This is my first post, but been lurking since July. Hello to all. Hope to see you in other threads.

Peace & Light.
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Old 09-18-2008, 06:32 PM   #2
tandiwe
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Default Re: And This from the BBC - today. New World (financial) Order? Stark Warning.

What I find intriging on HBOS Lloyds merger is that:

a) the BBC reported at lunchtime today that the "merger" was discussed by the two CEOs in secret 6 weeks ago at a flat owned by one of the banks.

b) short selling is being accused of the collapse in the HBOS shares however only 5.5% of these shares were on loan at the beginning of this week - compared to something like 60% of Lehman shares on loan at the start of this week.

c) had the HBOS shares not collapsed in the way that they did, this merger which is against competition rules in the UK would not have been allowed to go ahead and had indeed been blocked on more than one occasion

d) the Prime Minister spoke to the head of one of the banks at a "drinks party" on Monday night hosted by a financial institution and recommended that they go ahead with the merger

Something smells slightly off to me in this whole scenario. There wasn't anything like the asset backing for the Lehman short selling which would suggest "naked" short selling.

It is within the realms of possibility that this has been a constructed crash in HBOS. That rumours or instructions were circulated to instigate the short selling which then caught fire because alot of traders were making alot of money, forcing a merger which is against consumer interest.

Hmmmm ....


tandi

Last edited by tandiwe; 09-18-2008 at 06:42 PM.
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Old 09-19-2008, 12:37 AM   #3
RubyTuesday
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Default Re: And This from the BBC - today. New World (financial) Order? Stark Warning.

Since Monday the term New World Order has also appeared on Bloomberg, CNN, and MSNBC. A month ago it was taboo to utter that phrase.
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