Weak SSL Ciphers on Remote Server - Help?!

[Darren B]

let a bank go under would have been and even bigger problem than bailing them out. I sometimes wonder if people actually realise the knock on effects of a collapse in the banking industry.

The only way out is to shore them up then put them under strict regulation, including the offer of private loans and credit cards which have been knowlingly sold by all the banks.

The only way they understand is to put levy hefty fines. Unfortunately this is not an option these days as its the tax payers money. But be assured when things recover you can bet the goverment will sell off there stake and thats the time to slap the fines for breaching regulations thats if they do

[bamboo]

The truth is nobody knows how the worlds banking sytem works. As recent events have shown even the banks themselves don't have a clue.

As we live work and trade in a free market economy then surely it would be write and proper that if that market economy drive a business too the wall it should go under.

Woolworths has vanished. As have many others big companies. Doubtless there will be even bigger companies following their route out of existence. A bank is a financial company so why should banks be immune from this process?

I agree a large bank going under would be painful but would it be any more painful than giving them billions of pounds of taxpayers money just to keep them in existence. The banks are NOT lending anyone anything so how have the billions & mergers actually helped the situation?

[Darren B]

I agree a large bank going under would be painful but would it be any more painful than giving them billions of pounds of taxpayers money just to keep them in existence. The banks are NOT lending anyone anything so how have the billions & mergers actually helped the situation?

It would be more than painful - and this is the part people do not understand. I would be interested to know what you would do by letting the banks go under. When you have 15 million people with no money and companies cant pay people because

a) when a bank go's bust everything is frozen, this includes all monies
b) there is no BACS system
c) no direct debits / standing orders
e) no savings

need me to go on, if you aint happy vote them out you have not got long to wait and trust me they would all have done the same thing

[bamboo]

It would be more than painful - and this is the part people do not understand. I would be interested to know what you would do by letting the banks go under. When you have 15 million people with no money and companies cant pay people because

a) when a bank go's bust everything is frozen, this includes all monies
b) there is no BACS system
c) no direct debits / standing orders
e) no savings

need me to go on, if you aint happy vote them out you have not got long to wait and trust me they would all have done the same thing

As I said very painful. In fact very very painful if you had your money and finances tied up in that bank.
But what has the bailout and merger achieved?

About as much as the 2.5% VAT cut IMO.

[Darren B]

As I said very painful. In fact very very painful if you had your money and finances tied up in that bank.
But what has the bailout and merger achieved?

About as much as the 2.5% VAT cut IMO.

you have still not grapsed it, the banks all lend to each other so ermm it would bring down another one then another and oooh, were back to bartering

this is not a new thing http://ideas.repec.org/a/mcb/jmoncb/...i4p733-62.html

as for not voting, thats your choice, however if you choose not to then you can hardly make a comment IMHO

[bamboo]

Of course the banks lend to each other. How many large banks, worldwide, have gone to the wall in recent times without seeing a domino effect that you fear might happen actually occur?

I have as much knowledge of banking as the next man, woman or person, but I cannot accept that it is right and proper to allow banks or any other financial institution to get away with gross incompetence and a taxpayer bailout of gigantic proportions and then be allowed to carry on with their current 'no lending' policy. It's madness.

[parklifeclothes]

The banks are NOT lending anyone anything?

Untrue, what the problem is, is that people and businesses alike are too scared to borrow at the moment as nobody knows whats around the next corner so less people are actually going to the banks and of those that do and get turned down, they are getting turned down for the right reason, that their business can't substain the added cost of a loan. We are actually seeing banks being responsible for a change.

No matter what any goverment does nothing will get people to borrow if there's a chance next week they'll be jobless. The problem with this recession is whatever positive news comes out each day the media gives more air/page time to the negative issues and until there's a stop to this the country will be on its knee's.

If there is a week of good news regarding the economy like house prices starting to rise or a week or to of good weather it will get people reaching into their pockets. The majority of our customers don't seem to think the recession is as bad at whats reported and we are selling newborn baby tee shirts at up to £35 a time and the people buying these aren't the most well off, just people with good taste and not listening to the doom and gloom brigade!

[Darren B]

Actually they have all been supported by bail outs either from other banks or goverments. The brand might not exist but they still do

Your original statement was that gordon brown did it because he was scottish and so was the banks roots - even though HBOS actually means halifax bank of scotland so was actually both.

I made my assumptions based on the knowledge i have, as to how the banks are run has nothing to do with the rights and wrongs. So far we have dragged all sorts of other factors into this that actually have no bearing on the comments you made.

I think we all agree who is responsible, and the law should be changed so these people loose everything, why should they still have these great houses and cars

[bamboo]

The majority of our customers don't seem to think the recession is as bad at whats reported

I concur. My customers clearly think the same.

I agree that the banks are at last trying to act responsibly which is welcome even if its 'shutting the gate after the horse has bolted'. Lending mortgage money to people who would never be able to pay it back was foolhardy at best and barking mad at worst.

I sincerely hope that the fallout from all of this is that we end up with a flexible measured risk banking system that treats each case on it's individual merits instead of the 'formula' approach to lending. It's just that I cannot see any evidence that these massive UK banks can be flexible. I hope they prove me wrong.

[RuralWeb]

The problem with this recession is whatever positive news comes out each day the media gives more air/page time to the negative issues and until there's a stop to this the country will be on its knee's.

Just heared a prime example of this on Radio4 - they went on and on about 450 jobs being lost at Mini BMW and a loacl council BUT only mentioned in passing that KFC were creating 9000 jobs (presumably because people are buying loads of food)

[Darren B]

Just heared a prime example of this on Radio4 - they went on and on about 450 jobs being lost at Mini BMW and a loacl council BUT only mentioned in passing that KFC were creating 9000 jobs (presumably because people are buying loads of food)

I heard this too, a £150 million pound investment in 300 new fast food outlets. And yes it was a passing comment from the tv aswell

[grantglendinnin]

But what has the bailout and merger achieved?

Millions upon millions of people living in the UK losing all of their money, perhaps??

[bamboo]

I heard this too, a £150 million pound investment in 300 new fast food outlets. And yes it was a passing comment from the tv aswell

I actually sat through News at 10 last night to see if there was any mention... and there wasn't.
Mini agency workers losing jobs
Jade Goody's battle with cancer
Predictions of how long and deep the recession will be
Gordon has no regrets about the bank merger
Various other doom laden snippets

The only moment of what would pass for 'light relief' were it not that the consequences of not having the right skills meant loss of life was when an American soldier stopped shooting at an invisible enemy and said
"We have the most advanced technology in the world with helios and heat cameras and we cannot find one man on this hill throwing mortar bombs at us"

Not a single word about a company investing £150 million creating 9000 jobs disgusting.

[george]

Great news for junk food fans and bad news for chickens.


*wonders if a "bucket" counts towards his five a day"

[bcomp]

Contrary to the popular misguided belief with members of this forum, using a PSP does NOT get you off the hook with PCI-DSS at all. A simple script injection on your own site could easily present your customer a phony PSP phishing page to and therefore you would not be PCI-DSS compliant and your company would be liable. You must also use SSL or appropriate operational and technological processes and procedures to protect data including but not limited to customer name, address and what they bought to safeguard against the unauthorised access or unlawful processing, or disclosure, of personal information.