“We consider that the Thames Water situation may have broader severe sector ramifications,” Dominic Nash and Peter Crampton of Barclays said." That's banker's code for "Oh shit, water industry is a total nut job, whole thing could go down, quick, run!" ft.com/content/cda4c9…
@Feargal_Sharkey It’s code for “Let’s make sure they get paid and the debt goes on the public.”
@Feargal_Sharkey The next banking collapse?
@Feargal_Sharkey "We consider that the Thames Water situation may have broader severe sector ramifications,” Did someone PAY for this information? Because a huge number of the population could have told them that. Not so much research as stating the bleedin' obvious @Barclays
@Feargal_Sharkey Financial services need to police themselves better. If they want steady income they need to put a stop to the sharks that are looking only for short-term gain.
@Feargal_Sharkey Renationalise the whole shebang at a loss to the shareholders...simples
@Feargal_Sharkey Renationalise the water industry now…the way the companies are run is a form of legalised theft…that said, pretty similar to the way banks are run…
@Feargal_Sharkey The saying "no shit, Sherlock" was never more apt.
@Feargal_Sharkey @agitpapa Alternative translation: spreads will widen. The industry wont be able to borrow at a reasonable cost and they are up to their balls in debt. The whole thing is going in the shitter.