Monday, Jan 19, 2009
RBS brink as shares plummet by 69% City is warned: 'You're about to become Iceland-on-Thames'
mail: Glum: Mr Darling with his package of measures. He admits if they do not work the whole economy could collapse
Liberal Democrat Treasury spokesman Vince Cable warned taxpayers could lose a fortune if the scheme was not properly implemented.
'There are some very reputable people in the City this morning estimating that on a £100 billion insurance scheme the taxpayer could lose £30 to £40 billion.
Posted by chris @ 09:35 PM (328 views) Add Comment
3 Comments
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1. Wyldman100 said...
From a peak of around 700p a few years ago to around 11p today, a 98% decline, surely RBS is ruined and is stoney broke. Should I move my money out or is it going to be protected?
2. This comment has been removed as it was found to be in breach of our Blog Policies.
3. a saver said...
I see that Sir Fred the Shred is to get a pension of nearly 600K for trashing this bank (where many people put savings after NR, despite it's miserly interest rates, as it was regarded as a relatively safe haven). That includes his aggressive acquisition of ABN Amro. Note that 96% of voters in an online poll want his knighthood taken back. I want his bonuses taken back.
Saw a bit of the Tonight Programme last night, on families being evicted and couldn't help thinking this is mainly because of the reckless lending/HPI scenario, not banks restricting lending as GB would have us believe.