Reply to: RBS going out of business after all ?

[TheFaQQer]

Then await the shareholders to sue......

Won't be too much to sue over soon...

When the share price drops to 0p, the government can buy them all for not too much.

[JoJoGabor]

I love this "Expert Opinion" on Yahoo FInance...

BRUCE PACKARD, BANKING ANALYST, EVOLUTION SECURITIES

"Following various announcements we could see a bounce this morning, in all the banks ex RBS, because the rest of the sector is not being forced to recapitalise, and therefore there is no further dilution to equity shareholders. Fundamentally though we would steer clear and concentrate on sectors which can be analysed rationally.

"We expect the UK Govt to try to solve the obesity crisis next week, by nationalising the supermarkets, so that they can then resume the supply of cheap doughnuts to fat people."

[ookook]

Was anybody shorting this? Happy days if you were.. (unfortunately I wasnt )

[PM-Junkie]

…and which was a crock of tulip before it was sold. The man who ran it was only ever interested in selling it. First he tried to sell it to ING but they had a look at the management and decided they didn’t want it. Then he tried to sell it to Barclays but they had a look at the books and decided they didn’t want it. Then along come RBS and bought it without even so much as kicking the tyres. Looks like incompetence on the part of RBS.

...and yet still nobody has been fired for incompetence. Funny ol' thing eh?

[Mich the Tester]

Effectively they spent billions buying a bank which has gone on to lose billions.

…and which was a crock of tulip before it was sold. The man who ran it was only ever interested in selling it. First he tried to sell it to ING but they had a look at the management and decided they didn’t want it. Then he tried to sell it to Barclays but they had a look at the books and decided they didn’t want it. Then along come RBS and bought it without even so much as kicking the tyres. Looks like incompetence on the part of RBS.

[BoredBloke]

as it was abnamro that was at the root of the bad lending shouldnt it be "you bloody dutch" ?

Shouldn't RBS have checked into the state of abnamro before buying them? Effectively they spent billions buying a bank which has gone on to lose billions.

[mrdonuts]

[QUOTE=I wonder if he finished that off by muttering "You Bloody Scots" at them?[/QUOTE]

as it was abnamro that was at the root of the bad lending shouldnt it be "you bloody dutch" ?

[Cyberman]

The great thing is though that the Tories will be in to privatise the banks and thus reduce some taxes !!!

[ace00]

He's a genius and a thief !! He will refloat RBS at 5 quid a share if he is still in power !!

Gordon Brown - Evil Genius

I expect the government could make money out of this, as you say, but I expect them to find some way to mess it all up, as per.

[Cyberman]

He's a genius and a thief !! He will refloat RBS at 5 quid a share if he is still in power !!

[Doggy Styles]

Here we go !!!!!!!!!!!!!!!!!!!!!!!!!!

http://www.thisismoney.co.uk/investi...icle_id=467890

"This morning, Gordon Brown attacked the bank's 'irresponsible' behaviour and admitted he was angry at the risks it had taken on. "

A bit hypocritical, eh?

I wonder if he finished that off by muttering "You Bloody Scots" at them?

[Mich the Tester]

Do you think he's put it on his Mastercard ?

NO. The British taxpayer's Mastercard.

[Platypus]

Priceless.

Do you think he's put it on his Mastercard ?

[DimPrawn]

Now selling at 11p a share. Roll up.... Roll up !!!!!!

Gordon gets to own the City, and you, me, our children, our grandchildren and their children foot the bill.



Priceless.

[Cyberman]

Now selling at 11p a share. Roll up.... Roll up !!!!!!