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Rbs Bailing Out Bank Of Ireland?

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Golem XIV has been posting alot on BoI the past few days, and now this:

Here is an article from the Irish Independent from Saturday. It begins,

BANK of Ireland (BoI) yesterday raised €2.9bn in fresh short-term funding, believed to be from Royal Bank of Scotland(RBS), as the bank fights to stay out of state control.

And of course RBS is owned by you and me. So a British bank which was nationalized to save it from insolvency, is now lending to an Irish bank to save it from insolvency and being nationalized.

http://golemxiv-credo.blogspot.com/2011/07/rbs-bailing-out-bank-of-ireland.html

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So a British bank which was nationalized to save it from insolvency, is now lending to an Irish bank to save it from insolvency and being nationalized.

It's a world that only Bankers are clever enough to understand, please don't ask revealing questions. Your feeble powers of commonsense are nothing compared to the uber intelligence and limitless design for a short term quick buck of the bankers. There is nothing to see hear, please move on.

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Another item on RBS - what is going on here with latest Greek bailout?

Holders of Greek debt who are not on the institute's list of supportive firms include Royal Bank of Scotland, Italy's Unicredit and the French Crédit Agricole banking group.

http://www.guardian.co.uk/business/2011/jul/22/bailout-rescue-euphoria-wanes?INTCMP=SRCH

RBS will not support the voluntary writedown. It is effectively an arm of the state, so I wonder if anyone has sensible ideas on how it's being operated. Are the banks refusing to sign up the ones who either have already been saved or won't be saved, ie. the ones signing up will be saved?

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It's a world that only Bankers are clever enough to understand, please don't ask revealing questions. Your feeble powers of commonsense are nothing compared to the uber intelligence and limitless design for a short term quick buck of the bankers. There is nothing to see hear, please move on.

The one thing the really clever people cannot understand is why the rest of us have not caught on.

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  • 337 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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