RBS & Barclays may get £45 billion

[chef]

from bloomberg
"The U.K. government may invest at least 45 billion pounds ($79 billion) in banks including Royal Bank of Scotland Group Plc and Barclays Plc to bolster capital depleted by mortgage-related losses, two people with knowledge of the situation said. "

http://www.bloomberg.com/apps/news?p...jyE&refer=home

[DS23]

don't think there is much may about it. it will happen. question is will it be enough?

[Xenophon]

Meltdown City.

Population: Us.

[rootsnall]

Bail them out if the taxpayer is going to get a good deal and own the banks BUT one suspects ( knows ! ) we'll get a tulip deal and Gordo and Co will be sitting on the bank boards in a year or two on a decent whack.

[Sysman]

Bail them out if the taxpayer is going to get a good deal and own the banks BUT one suspects ( knows ! ) we'll get a tulip deal and Gordo and Co will be sitting on the bank boards in a year or two on a decent whack.

And with access to everyone's financial data.

You didn't really think that eliminating cash was for your convenience, did you?

[NetwkSupport]

barclays arent requesting any capital, i think all this hear say is worsening the issue

[Cyberman]

This makes me laugh when we look back a year and Northern Rock wanted a 10 Billion loan but was refused by Mervyn King due to 'moral hazard', when the Rock had no US subprime but was hamstrung by closed moneymarkets. It shows the real incompetence of this government!!

The Rock now only owes what it lost in bank deposits because of a run CAUSED by HMG and the BofE, and should never have been nationalised.

[AtW]

I just hope Lloyds TSB abandons stupid purchase they made

[Cyberman]

I just hope Lloyds TSB abandons stupid purchase they made

That purchase was only with the aid of HMG guarantees and funding. HBOS were still going to be in trouble, and this could have brought Lloyds down.

HMG will part-nationalise because it is in their blood and in the long-run they will make tens of billions to fill the empty coffers.

[AtW]

It's funny how UK would not find a few billions to save Rover and other companies (even if to sell them for £1 to Japanese or Chinese) but suddenly huge amounts are spent to bail out buddies from the City.

Any such bailout should be done with execs going to jail pending trial.