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SleepyHead

Bbc Reports Rbs Needs More Cash

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Rights issues now are all about shafting the taxpayer (again). Other shareholders too, but they have the genuine choice without being overshadowed by politics, and they're a secondary concern.

They present UKFI (and its masters) with the two options:

1) Buy into the issue - i.e. pour in more taxpayers money just to retain the share.

2) Let the rights lapse - reduce the taxpayer's share of the bank.

(or of course a bit of each).

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They present UKFI (and its masters) with the two options:

1) Buy into the issue - i.e. pour in more taxpayers money just to retain the share.

2) Let the rights lapse - reduce the taxpayer's share of the bank.

(or of course a bit of each).

I think the real question is whether the government underwrites the rights issue at a massively inflated price (like the last one, which was underwritten at about 50% overpriced), or whether they underwrite it at 'market' price.

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Rights issues now are all about shafting the taxpayer (again). Other shareholders too, but they have the genuine choice without being overshadowed by politics, and they're a secondary concern.

They present UKFI (and its masters) with the two options:

1) Buy into the issue - i.e. pour in more taxpayers money just to retain the share.

2) Let the rights lapse - reduce the taxpayer's share of the bank.

(or of course a bit of each).

Yeah, the government buys up 70%, then they announce a rights issue, which devalues the holding we have. Thanks Gordon Brown.

Is there ever gonna be a "solution" that doesn't involve screwing the taxpayer?

The taxpayer also happens to be the very same people trying to pay the mortgages. That fact seems to have escaped our bankers and politicians. Talk about Death Spiral!

I think this could be the start of the second dip. The gradual realisation in the markets that the banks will need more and more money as their "assets" implode.

The depression itself is driving the defaults now, not the toxicity of the loan terms!

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Yeah, the government buys up 70%, then they announce a rights issue, which devalues the holding we have. Thanks Gordon Brown.

Is there ever gonna be a "solution" that doesn't involve screwing the taxpayer?

The taxpayer also happens to be the very same people trying to pay the mortgages. That fact seems to have escaped our bankers and politicians. Talk about Death Spiral!

I think this could be the start of the second dip. The gradual realisation in the markets that the banks will need more and more money as their "assets" implode.

The depression itself is driving the defaults now, not the toxicity of the loan terms!

Surely if we have a 70% stake, we, god bless him gordo, has the final say??

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Surely if we have a 70% stake, we, god bless him gordo, has the final say??

Yeah, we have the controlling stake. No doubt about it.

That's what makes this idea that this is RBS wanting to avoid further government control so ludicrous. It's like they're arguing that they are only a little bit pregnant, and want to avoid being completely pregnant.

It got to be that Gordo himself doesn't want to be seen pouring yet more taxpayer cash into this bottomless pit, especially when everyones talking of massive public sector cuts.

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Guest KingCharles1st

Yeah why not- we need a good ftse crash.

It doesn't matter because they all have to start buying again the next day cos they don't know what else to do with the poxy gambling chips

Probly best to buy shares in Charlie and rope

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Yeah, we have the controlling stake. No doubt about it.

That's what makes this idea that this is RBS wanting to avoid further government control so ludicrous. It's like they're arguing that they are only a little bit pregnant, and want to avoid being completely pregnant.

It got to be that Gordo himself doesn't want to be seen pouring yet more taxpayer cash into this bottomless pit, especially when everyones talking of massive public sector cuts.

They'll almost certainly prop RBS up - but the political and social fallout should be spectacular from it.

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They'll almost certainly prop RBS up - but the political and social fallout should be spectacular from it.

Yep, agreed. When its seen in the light of massive public sector worker cuts. People are gonna get seriously pi**ed off.

Dumping nurses and teachers etc. off the public payroll, replacing them with a bunch of overpaid and thoroughly useless load of bankers.

Shrewd deal there Gordon Brown!. You actually managed to top that gold sale stroke of genius. What a great vision you're implementing as PM!

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Guest anorthosite
Yeah why not- we need a good ftse crash.

True - I haven't seen anyone say "here we go" on a weekday morning for a while.

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