Old Project Avalon Forum (ARCHIVE) - View Single Post - And This from the BBC - today. New World (financial) Order? Stark Warning.

tandiwe · 09-18-2008, 06:32 PM

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

09-18-2008, 06:32 PM	#2
tandiwe Avalon Senior Member Join Date: Sep 2008 Location: UK Posts: 47	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.