Jump to content

Recommended Posts

Since I am now working and I want to make sure my hard earned doesn't end up disapearing up some city boy's nose or in some high risk gamble, I changed my bank account to the ethical invester, the co-operative bank. Do you think the ethical and mutual banks might do better now the others have all been exposed by their dodgy unethical investments?

I think you may be conflating unwise investments and unethical investments (though in fairness the big banks were generally doing both, it wasn't really the latter that were their undoing), but I have to say I like the concept of a cooperative bank if the gains accrued from my investments eventually come back to me rather than some shareholder('s nose).


I bet you in order to be competitive they still hire city boys and offer bonuses that doubtless often end up their noses though...it's just the way of things.

I just got very nervous when my other two banks, Citibank and HSBC - both massive banks - had a wobble after the sub-prime debacle.


I didn't mind using them when I was broke - high interest rates on the citibank current account, but now I'm earning, I don't want to give them my money for ethical reasons and cos I don't want it disapearing!

I'm not sure that Northern Rock went belly up because it was unethical?


It went belly up because it was exposed to international credit markets to support its mortgage loans. The markets caught a cold in the US, and NR was collateral damage. NR probably didn't have enough strings to its bow, but its chief crime was trying to sustain investor confidence by not coming clean quick enough. We'd all have done it.


They weren't guilty of high risk gambles or cocaine, just of being a one-trick pony.


Had Co-op also been dependent in this area, they'd also be pushing up daisies.


Your first 35 grand is covered by HMG, if you've got more than that in the bank then you need better advice :)

I would strongly recommend re-investing in my Business,which frankly needs new "investors" and "partners"...to start the ball rolling just E-Mail me at "duckersndiversrus.co.uk" and I will take your Bank a/c details so that we can commence proceedings..look forward to your earliest response Partner>:D

I thought Northern Rock went belly up because it was borrowing short and selling long.

A very basic mistake.

I was also told that NR was probably the safest investment bank since it's nationalisation.

I am no expert on these matters though, and it seems the experts aren't either.

Well you could just choose not to have a bank account.


Oh no wait that would mean you couldn?t earn a salary, pay any of your bills, buy anything from a large number of retailers, have insurance, drive a vehicle, have a house or indeed formally exist.


Whew, it?s a good thing that banks are properly regulated and subject to law considering the indispensable public service they provide.

Sorry Steve but the rumours aren't accurate. There's a good layman's summary on Northern Rock here.


I can sympathise with your views on banks and bailouts, but I reckon they make better politics than sense. The financial system on which we all rely is built on confidence rather than metal. If we let the system collapse on point of principle we'd really be cutting off our noses to spite our faces.


They go down and we all go down ;-)

firth Wrote:

-------------------------------------------------------

> Banks, hah.

>

> Whats the biggest crime to run a bank or to rob

> a bank. The latter I think judging by the sizeof

> profit.


I may be over-sharing here but my bigest fantasy ever is to rob a bank. OMG I would just love to do that. Oceans 11 in ED (yes I do know that was a casino but I still so would)

Provided you have less than ?35,000 in deposits with any one banking group it's guaranteed to be covered under the the financial services compensation scheme anyway, so not a major issue.


If you have more probably a good idea to spread between banks. Be careful if you do that they aren't part of the same ultimate company - so many companies run more than one consumer brand it's not always obvious.


http://www.fscs.org.uk/consumer/key_facts/limitations_of_the_scheme/compensation_limits/


As for Northern Rock, the FSA have been found to have been pretty incompetent in their supervision of Northern Rock, same as they were with Equitable. Basically the regulator wasn't regulating!

giggirl Wrote:

I may be over-sharing here but my bigest fantasy

> ever is to rob a bank. OMG I would just love to

> do that.

....Hi! Just seen your comment.I'm trying to get a lively crew together at the moment for a venture and I do not want to use any faces known round the Manor if you get my meaning(!)

Would you be up for it,at your earliest convenience,and,if so,what role would you like to perform?.Could you,for instance,stick a shooter up someones hooter?...

I realise this is not the best place to converse but we can,at least,get the ball rolling on here Babe.

I'm aiming "big-time" yougetme?..Coming along for the craic?B)

Peckhamgatecrasher Wrote:

-------------------------------------------------------

> Could I be in charge of blowing the bloody doors

> off?

...If you wear a Mini and you are discreet.Why Not?..All are welcome for this little caper:)-D

...p.s.Looks like "giggirl" has lost her bottle already(6)

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Latest Discussions

    • Gone to the better hunting grounds during this local ongoing dry spell.
    • The Dreamliner has an impeccable service history, you are more likely to get mugged on the way to the airport than having any issue with your flight, that's how safe it is!  Have a great trip.
    • Maybe. Does that kill grass? If so, possibly the same dog that has left its poo outside my house - pretty sure it's not fox poo.
    • Here you are, intexasatthemoment (you seem to have been in Texas for a very long time!) We went to three of the recommended places yesterday,  as they were all in the same road (just near Wallington)  and I needed to give the car a run to avoid another slap on the wrist from my garage (and another new battery). Here's my findings. BARNES Parking We thought we would go here first as it was the earliest to close on a Sunday (3pm). There was no apparent entrance or anywhere to park. One notice said do not park on grass verge, and another one said staff cars only! Flittons was opposite but I'd already passed the entrance, so I had to drive down the road, turn round at the next available place (covered in signs saying do not park here) and park in Flittons car park! Plants Barnes  specialise in hardy perennials, so that was basically what they had, but an excellent selection, and many more unusual plants (or at least, plants you probably wouldn't find in a garden centre), eg Corydalis,  lots of different varieties of Epimediums, Trollius, some lovely Phygelius, lots of different ferns). The plants were divided into sections according to whether they needed sun or shade or could cope with both. They had a particularly good selection of  shade loving plants. There was really useful information above  each group of plants, which meant you didn't have to look at individual labels. All the plants looked in good health and  very well cared for. They don't produce a printed catalogue, but they  said their plant list was online (I haven't looked yet). I assume most of  the plants they have at any one time are when it's their flowering season (if they flower). I wasn't intending to buy anything, though was very tempted, but I'd definitely go here again once I've sorted out my overgrown garden. Other Stuff Don't think they sell pots, compost, etc. No cafe/tea room and I didn't see a loo, but Flittons is just over the road. FLITTONS  Parking Easy to park Plants Sorry, but mostly terrible. There was one section with vegetables and the rest was flowering plants. There was a general feeling of delapidation. Some of what was on display was actually dead (surely it would only take a minute to remove dead plants) and a lot of the rest was very poorly maintained, eg gone to seed, weedy, apparently unwatered, or with a lot of dead leaves. There was a notice asking for volunteers to work there, so I can only assume they can't afford to pay staff. Other stuff There was a notice to a play barn (?) saying invited people only, so I think they must host kids' parties or something. They redeemed themselves with a cosy little cafe with savoury stuff, nice cakes, iced chai and oat milk, and a loo. Also a selection of books and CDs on sale for charity. If you want an Andrews Sisters CD, you can find one here. There is a small shop with gift shop type stuff and a display of the history of Flittons, which apparently is family owned since the sixties (I think it was). I suspect that the arrival of Dobbies down the road must have greatly affected Flittons' fortunes, which is sad. DOBBIES  Parking Easy in theory once you had navigated a rather narrow entrance, but it was very busy so it took a while to find a space. Plants  Lots of plants, well maintained but I imagine their turnover is high. Lots of nice bedding plants for hanging baskets, window boxes etc  to cater for all tastes (ie some of it wasn't mine, but fine if you like those horrid little begonias (my opinion only) but they did have some nice (in my opinion) stuff as well. I was tempted but decided to buy from North Cross Road market. Fair selection of climbers, various different Clematis etc. I'd be happy to buy plants from here. The prices seemed reasonable and they were in good condition. Other stuff  It's a big garden centre with all that entails these days, so a large area selling garden furniture and storage, tools, animal collars, pots, all the usual stuff you would expect. Very helpful staff. There's a cafe which we didn't check out, charging points for electric cars, a Waitrose (no idea how big, we didn't look). Only on our way out did we see that there was a drive through "express section" for compost etc, which was annoying as I wanted compost and hadn't seen any anywhere,  but I was getting tired by that time. Just Down the Road A ten minute drive away is Wilderness Island, a nature reserve in Carshalton, which is well worth a visit. We heard eleven different kinds of bird (according to Merlin) and saw a Kingfisher flying down the tiny river!
Home
Events
Sign In

Sign In



Or sign in with one of these services

Search
×
    Search In
×
×
  • Create New...