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Rbs Warns There Will Be No 'miracle Cure'

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Telegraph

Royal Bank of Scotland, the part-nationalised lender, has posted a £1bn loss for the first six months of the year and warned that it will be some time before the bank and the economy get back on track.

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RBS share price has taken a bath this morning. Loads of people bought in since Wednesday looking for a quick buck and have all been left holding the bag. :rolleyes:

Is this a business worth keeping??

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But the posh Flanders lady on the BBC was telling me about the recovery yesterday, I don't understand. :unsure:

Exactly and BBC NEWS 24 had "RBS Recovery?" on the breaking news caption at the bottom of the screen overnight.

Were they being ironic?

Edited by HostPaul TAFKA Rover2000

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Telegraph

Royal Bank of Scotland, the part-nationalised lender, has posted a £1bn loss for the first six months of the year and warned that it will be some time before the bank and the economy get back on track.

Seeing RBS share price down > 10% gives me a strange nostalgic feeling!

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All morning the BBC have been reporting that RBS made a profit of 15 million.

They were also reporting that corporate insolvencies had fallen???

The BBC have just become a self appointed Nu Labour propaganda machine, because they know any future Conservative government will end the BBC gravy train.

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everytime RBS make some money, they right down a few more assets towards their true value. If they wrote the assets down originally they would be totally nationalised.

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