I mean my Bradford & Bingley shares.
I got 250 shares in the new B&B plc when the building society of the same name demutualised. At the time they were trading for 330 pence each and reached a peak of 435.5 pence. In a demonstration of the follies of Thatcherite capitalism, they began borrowing and lending with the big boys and girls. Then came the credit crunch and they found themselves undercapitalised.
I am now getting a succession of voting forms to vote on one rescue package after another. The ever-changing rescue packages indicate a board flailing around in a desperate bid to save their enormous salaries protect the investors. Frankly, IMHO, it is all futile – the share price is continuing to tank. Today it is 34 pence. When the B&B goes bust and the share price hits 0.0 pence, should I frame my share certificate as a symbol of the follies of finance capitalism, or should I use it as bog paper?