Lusty Posted January 26, 2009 Report Share Posted January 26, 2009 One of the questions raised in "Question time" last week was "Why are employee's of Northern Rock getting bonus's of between 10 and 25%? Check out the programme here. Slightly off topic,check out Caroline Flint,a nice bit of MILF! Link to comment Share on other sites More sharing options...
HeartThais Posted January 26, 2009 Author Report Share Posted January 26, 2009 http://www.bloomberg.com/apps/news?pid=20601087&sid=adVG5hutkuYM&refer=home Barclay's has some fairly good and reassuring news. If we can get something even close to this this from Lloyd's, I think we see a nice recovery in Sterling even in spite of news like this: http://www.bloomberg.com/apps/news?pid=20601087&sid=arsPbNYBTFF8&refer=home Link to comment Share on other sites More sharing options...
WorldFun Posted January 26, 2009 Report Share Posted January 26, 2009 well with the 'barclay' news it seems the plunge has changed to a rise at least temporarily - 1.06 vs. EUR & back up at 50 to the baht could be worse Link to comment Share on other sites More sharing options...
Faustian Posted January 26, 2009 Report Share Posted January 26, 2009 I'm still seeing 48.6 to the pound online... Link to comment Share on other sites More sharing options...
HeartThais Posted January 29, 2009 Author Report Share Posted January 29, 2009 Soros is closing his short positions on sterling. http://www.ft.com/cms/s/0/9e9469a2-ed26-11dd-88f3-0000779fd2ac.html?nclick_check=1 Link to comment Share on other sites More sharing options...
Mekong Posted January 30, 2009 Report Share Posted January 30, 2009 Finaly some good news from the Isle of Man with respect to the Kaupthing Singer & Friedlander fiasco. Yesterdays liquidation hearing, the third one now after being delayed in October and November, was further deferred for another 3 weeks until Feb 19th but now there is a solid repayment schem in place. An initial "Emergency Payment" of GBP 10,000 will be made immediately, GBP 50,000 within 3 months, the GBP 100,000 within 12 months and 100% of deposits back within 24 months. Whilst not perfect due to loss of intrest and loosing out on exchange rates its far better than if the bank had of been placed into liquidation with a maximum payment from the IoM Depositors Compensation Scheme of GBP 50,000 which may have taken up to 24 months to be paid out in full. For the first time in nearly 4 months I am begining to see a glimmer of light at the end of the tunnel. Link to comment Share on other sites More sharing options...
HeartThais Posted January 30, 2009 Author Report Share Posted January 30, 2009 Wow, that's great news Mekong. I didn't want to say it earlier but I thought you would get around 40%-50% back which is a common assumption for default recoveries. Getting back 100% even after some delay is a home run! Link to comment Share on other sites More sharing options...
Faustian Posted January 31, 2009 Report Share Posted January 31, 2009 Good news Mekong! Glad you'll be ok. Hopefully the pound will have recovered by the time you get your cash. It's risen this week, upto 52 Baht now. Still a long way to go, but it's something. Link to comment Share on other sites More sharing options...
HeartThais Posted January 31, 2009 Author Report Share Posted January 31, 2009 Faustian, where are you getting these rates from? They are always 2-3 baht higher than what I am seeing from banks. Link to comment Share on other sites More sharing options...
Sporty Posted January 31, 2009 Report Share Posted January 31, 2009 Live rates at 2009.01.31 13:39:57 UTC Notice: The THB rate shown below is the international rate. Rates used within Thailand may vary. 1.00 GBP = 52.0685 THB United Kingdom Pounds Thailand Baht 1 GBP = 52.0685 THB 1 THB = 0.0192055 GBP http://www.xe.com/ucc/convert.cgi Link to comment Share on other sites More sharing options...
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