Lloyds got fucked over, that's for sure.

 

Surely you'd know and be concerned with exactly where huge profits were coming from, ethically?

 

Just seems naive to me that you'd put large amounts of money into an organisation you have no real understanding of. The board, as elected by the shareholders, did nothing fraudulent or dishonest. It collapsed, many companies collapse, you have your portfolia spread so that your loses offset your tax liabilities, surely?

 

I think the bank shareholders were lucky the government stepped in, that they have something, and weren't liable themselves for the loses.

 

 

Why would you be concerned about profits? That's exactly what you invest in a company to make. HBOS was one of the biggest banks in the country. You'd expect them to making sizeable profits.

 

I think it's arguable whether what they did was fraudulent but it was certainly dishonest. You're right to say that i had no real understanding of what they were up to, but then nor did the Government, the FSA, or any of the other bodies that were supposed to be regulating them, including the people running the banks.

 

'Many companies collapse'? How many U.K. banks have collapsed in the last century before this crash? They don't collapse. That's why people invest in them. What happened was unprecedented and that's why no one, least of all the investors, saw it coming.

 

Why would you be concerned about profits? That's exactly what you invest in a company to make. HBOS was one of the biggest banks in the country. You'd expect them to making sizeable profits.

 

I think it's arguable whether what they did was fraudulent but it was certainly dishonest. You're right to say that i had no real understanding of what they were up to, but then nor did the Government, the FSA, or any of the other bodies that were supposed to be regulating them, including the people running the banks.

 

'Many companies collapse'? How many U.K. banks have collapsed in the last century before this crash? They don't collapse. That's why people invest in them. What happened was unprecedented and that's why no one, least of all the investors, saw it coming.

 

From memory, many banks have failed/collapsed/been rescued in the preceeding century

Why would you be concerned about profits? That's exactly what you invest in a company to make.

 

You should maybe have invested in arms companies that deal with Zimbabwe et al and that company that was dumping the toxic waste in Rwanda rather than banks then?

You should maybe have invested in arms companies that deal with Zimbabwe et al and that company that was dumping the toxic waste in Rwanda rather than banks then?

 

So you're now talking about the type of investment rather than the size of the profit? Make your mind up.

This with bells on!

 

Those South African Gold mines do not mine much Gold!!

haha!! I'm not the only one then!!!

This with bells on!

 

Those South African Gold mines do not mine much Gold!!

 

 

haha!! I'm not the only one then!!!

 

 

CRND by any chance?

So you're now talking about the type of investment rather than the size of the profit? Make your mind up.

Fair enough. HSBC laundering Mexican drug money. Fair enough so long as they make a profit?

If you're after 'ethical' look no further than Honeywell - your boiler/central heating system might well have a timer/thermostat made by them, mine has, it's been replaced twice already in six years, aside from making shoddy thermostats, they've got an unimpeachable record in the treehugging, yoghurt-knitting touchy-feely stakes (they're listed on the Fortune 100 if you fancy investing ).

 

The United States Environmental Protection Agency states that no corporation has been linked to a greater number of Superfund toxic waste sites than has Honeywell.

Honeywell entered the defense industry in World War II, at first producing aerospace elements. During and after the Vietnam Era, Honeywell's defense division produced a number of products, including cluster bombs, missile guidance systems, napalm, and land mines.

Honeywell is in the consortium that runs the Pantex Plant that assembles all of the nuclear bombs in the United States arsenal.

In December 2011, the non-partisan organization Public Campaign criticized Honeywell International for spending $18.30 million on lobbying and not paying any taxes during 2008–2010, instead getting $34 million in tax rebates, despite making a profit of $4.9 billion, laying off 968 workers since 2008, and increasing executive pay by 15% to $54.2 million in 2010 for its top 5 executives.

 

Edited August 6, 201313 yr by Youri McAnespie

I deal with a couple of the Honeywell sites here in the UK - they're all nobbers. They're constantly restructuring and moving departments and production from one country to another. Their accounts division is for ever moving all over the place as well, so you end up chasing your money all over the globe. We're lucky if they pay within 120 days. In my industry, they are very well known for shafting people/companies in order to cream an extra % of profit.

 

Having said that, if youre an investor, you would probably be quite happy with the returns that you get from them

Edited August 6, 201313 yr by CWP

Fair enough. HSBC laundering Mexican drug money. Fair enough so long as they make a profit?

 

You were talking about whether i should have been concerned about the size of the profits that HBOS were making shortly before they went bust, not how they were investing those profits. That's a completely separate issue. Keep up.

I didn't mention a particular time frame, I think you'll find.

CRND by any chance?

Of course and Watermark Global.

Fucking rollercoster shares, can anyone explain why HSBC went down after their good profits announcement?

 

They are facing a $1.6bn fine in the States I believe over bad mortgages. Front page story on today's FT. Maybe that was it

Fracking firms are the future

Fracking firms are the future

 

I agree, loads of money to be had in the future once all the yoghurt knitters and Greenpeace types are moved on. Shale gas is the future