On Thu, 14 Apr 2011 21:12:44 +0200, Martin wrote:

On Thu, 14 Apr 2011 18:02:27 +0100, "Bob Hobden"
wrote:



"Ecrevisse" wrote ...

In the years 1989 - 1992 the Lloyd's of London insurance market lost
more than £8 billion through its own failings and incompetence; when
some investors could not pay the huge demands for cash, charges were
taken on their homes and the following petition urges the Chairman,
Lord Peter Levene, to remove them in the name of justice and fairness:

http://www.change.org/petitions/lloy...nt-names-homes

I hope that you will be able to sign the petition, for which I thank
you.

There is more information by following the link.

Please spread the word!

.............................................. ..

You signed up to a no limit guarantee, what did you expect would happen if
the going got tough? When everything went well you raked in the money when
it got tough you squeal it's all unfair.

No Name ever raked in money with Lloyds. The suggestion that they
would was part of the con. The Names I knew never made a penny out of
Lloyds.

You're just as bad as those idiots that put there money in an Icelandic Bank
to get a couple of percent more interest only to suddenly realise high rates
means high risk.

Large numbers of local authorities in the UK and The Netherlands put
money in the Icelandic Bank.

A standard Banking rule and complete common sense.
What world do you people inhabit? Or is it just greed?

A world run by bankers who are never the ones to suffer.

I agree that the smaller Lloyds names were conned: it was, however,
part of the wider move to get "ordinary" people involved in
investment, which sounded good, but was itself a political con.
Professionals ended up with the BP shares (and, it might be said,
workers ended up owning unsaleable former council houses). Capitalism,
like any other economic activity, is no game for amateurs.

--
Mike.