AIG bailed out...

Sarduk · 17 Sep 2008 at 12:46

dowie said:
Odd - What have Natwest and RBS got to do with HBOS ????

They're all part of the HBOS group. http://en.wikipedia.org/wiki/HBOS

dowie · 17 Sep 2008 at 12:51

erm what are you smoking? - no they aren't!

RBS has got nothing to do with HBOS

platypus · 17 Sep 2008 at 12:54

dowie said:
erm what are you smoking? - no they aren't!

RBS has got nothing to do with HBOS

The confusion is probably between Royal Bank of Scotland and Bank of Scotland, which are two separate entities.

squawkBOX · 17 Sep 2008 at 12:56

It is interesting, all this consolidation is going to lead to rather large banks... no one is currently talking about the possibly monopolistic / oligopolistic conditions which we might see ourselves in very shortly.

Strife212 · 17 Sep 2008 at 13:18

Why AIG bailed out and Lehman not?

helmet · 17 Sep 2008 at 13:26

Strife212 said:
Why AIG bailed out and Lehman not?

They had a buyer in Barclays I'd expect.
The Fed were trying to shy away from doing these deals after Fannie Mae.

bigredshark · 17 Sep 2008 at 13:35

HBOS looks good for a takeover/merger with Lloyds right now, if you're feeling brave put some cash in HBOS stock, if they are sold it'll likely be in excess of 250p/share, considering they're trading at 190 that's tempting.

Stretch · 17 Sep 2008 at 13:36

jak731 said:
How does making a company become state owned bring it stability? Surely if this is done with too many big companies the state could run out of funds resulting in everything breaking down?

What they do is wait for the market to pick up again, then sell it back to the private sector for a huge loss at the tax payers expense. Its a bit like Robin Hood but the other way around.

dowie · 17 Sep 2008 at 14:04

Strife212 said:
Why AIG bailed out and Lehman not?

AIG are huge and most of the worlds big financial institutions had decent exposure to them - AIG going under would have caused far more problems than Lehmans so US decided to step in.

Stelly · 17 Sep 2008 at 21:33

bigredshark said:
HBOS looks good for a takeover/merger with Lloyds right now, if you're feeling brave put some cash in HBOS stock, if they are sold it'll likely be in excess of 250p/share, considering they're trading at 190 that's tempting.

Yes I think that there will be more like this, I think that mergers at the moment between banks is definately on the cards...

Stelly

tntcoder · 17 Sep 2008 at 21:39