Wednesday, Jul 16, 2008
Storm before the.......errm Bigger Storm
The Telegraph: RBS is biggest loser in torrid day for UK banks
The collapse in the value of Britain's high street banks is continuing today, with Royal Bank of Scotland now worth little more than half the £49bn paid for ABN Amro last year.t
Posted by titaniccaptain @ 02:02 PM (383 views) Add Comment
2 Comments
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1. plato said...
Of course this could be seen as a good time to buy these stocks. The problem is Confidence. There is a serious lack of it, and quite justified too. These were once the foundations of portfolios. Now the investors must be screaming, but where do they go if they decide to take their losses while they still can?
Offering Rights Issues ? Under the present circumstances is tantamount to blackmail.
All this is leading to another bubble being formed caused by desperate alternative investment. Bricks & Mortar are out, Currencies are a wild gamble. Commodities are causing inflated prices and starvation. We've got little industry to speak of.
So what would anyone on here suggest ? What's left ?
2. Fatjock said...
The RBoS in trouble? I have only one word to say, EXCELLENT. I hope they crash and burn.