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RBS fails stress test

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    RBS fails stress test

    So after an epic bail out, and 8 years of QE (bank recapitalising) RBS is still in the tulip.

    RBS worst hit in Bank of England stress test - BBC News

    What a joke!
    http://www.cih.org/news-article/disp...housing_market

    #2
    Just double each future bailout, they will be fine.

    Comment


      #3
      Originally posted by DimPrawn View Post
      Just double each future bailout, they will be fine.
      "The FSA said that it had found no regulatory fault in the actions of the RBS board or its senior managers and that the bank’s near collapse, an event only prevented by £45bn in direct taxpayer support and several hundred billions of pounds of state-backed loan facilities, was simply the result of “bad decisions”.

      There you go no fault just bad decisions, so problem solved.....next.
      Warning unicorn meat may give you hallucinations

      Comment


        #4
        Originally posted by motoukenin View Post
        "The FSA said that it had found no regulatory fault in the actions of the RBS board or its senior managers and that the bank’s near collapse, an event only prevented by £45bn in direct taxpayer support and several hundred billions of pounds of state-backed loan facilities, was simply the result of “bad decisions”.

        There you go no fault just bad decisions, so problem solved.....next.
        At least post-Brexit we'll only have to bail out our own banks. Can you imagine having to bail out the Greeks, Italians, possibly the Portuguese?
        Oh, and where I come from, "bad decisions" mean to get the sack, at the very minimum. Make "bad decisions" which require a £45bn bailout, you go to prison. One might ask what the letters FSA actually stand for? Sweary filters on full please, Cap'n...
        His heart is in the right place - shame we can't say the same about his brain...

        Comment


          #5
          It reminds me of the Emporers' clothes....

          Until Glass-Steagall is re-implemented thebanks will always be a Ponzi scheme(instead of just the currency).

          Comment


            #6
            Originally posted by BrilloPad View Post
            It reminds me of the Emporers' clothes....

            Until Glass-Steagall is re-implemented thebanks will always be a Ponzi scheme(instead of just the currency).
            How close to the top do you think we are?
            http://www.cih.org/news-article/disp...housing_market

            Comment


              #7
              Originally posted by PurpleGorilla View Post
              How close to the top do you think we are?
              There is no top.

              When we all have £1trillion on each of our 15 credit cards, we are 0.1% of the way to the top.

              Comment


                #8
                I have to use RBS once a month. I must say the staff are the most arrogant and rude of any bank
                "A people that elect corrupt politicians, imposters, thieves and traitors are not victims, but accomplices," George Orwell

                Comment


                  #9
                  Originally posted by PurpleGorilla View Post
                  How close to the top do you think we are?
                  When the masses realize there is no point in saving. All you can do is spend.

                  I think it could well be another generation away. People are so fick....

                  Comment


                    #10
                    Originally posted by DimPrawn View Post
                    There is no top.

                    When we all have £1trillion on each of our 15 credit cards, we are 0.1% of the way to the top.
                    Is that how Japan works?
                    http://www.cih.org/news-article/disp...housing_market

                    Comment

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