3 ms·
Was all in into Barclays shares the day before it was going bust in 2008 but got out before 5pm fearing the night and the wiping out. Instead, Gordon Brown bail
by DrNuke 10y ago
Was all in into Barclays shares the day before it was going bust in 2008 but got out before 5pm fearing the night and the wiping out. Instead, Gordon Brown bailed them before the market reopened the next morning ("too big to fail") and I missed my once-in-a-lifetime opportunity to make the big money as an indie trader. Done.
- dan1234 10y agoI thought Barclays were one of the few banks who managed to raise extra capital without government help?
- DrNuke 10y agoYes they then raised from Qatar but the unfolding was dramatic http://news.bbc.co.uk/2/hi/business/7658277.stm http://news.bbc.co.uk/2/hi/business/7658277.stm and Robert Peston was having the days of his professional life eheh. Got it the link! http://monevator.com/how-fear-is-driving-bank-share-prices/ http://monevator.com/how-fear-is-driving-bank-share-prices/
- osullivj 10y agoI've owned BARC for 10yrs now, and I've taken a hell of a beating. I'll never buy any kind of banking equity again.