Taxpayer left with £2.4bn paper loss in RBS takeover

[metalman]

Taxpayer left with £2.4bn paper loss in RBS takeover

The government's new banking authority will start work on Monday by seeking three new board directors for Royal Bank of Scotland — now majority-owned by the taxpayer after the £20bn government bail-out.
Existing shareholders in RBS shunned the fundraising by what had been Britain's second-biggest bank until the credit crunch struck last year, leaving the taxpayer with 57.9% of the bank - and a £2.4bn loss on the basis of the current share price.

congrats, mega! looks like you guys just bought yourself 60% of rbs!

[Mega]

Re: Taxpayer left with £2.4bn paper loss in RBS takeover

Just the start, BTW Britian has its 1ST Politcal prisioner!
Shodow Home sec was getting leaked info fro a source in goverment...........The Police burst into his home, took his moblie-PC-Blackberry.....then held him for 9 hours using Terror laws!"

To say people are up in laws is an understatment.
Mike

[metalman]

Re: Taxpayer left with £2.4bn paper loss in RBS takeover

Just the start, BTW Britian has its 1ST Politcal prisioner!
Shodow Home sec was getting leaked info fro a source in goverment...........The Police burst into his home, took his moblie-PC-Blackberry.....then held him for 9 hours using Terror laws!"

To say people are up in laws is an understatment.
Mike

don't know how you guys take it... very repressive gov't you got there. cameras everywhere. no guns. detentions without trial. arrests without warrants. ever watch the show 'prisoner'? it's getting like that. ours is wild west hands-off in comparison.

[sadsack]

Re: Taxpayer left with £2.4bn paper loss in RBS takeover

don't know how you guys take it... very repressive gov't you got there. cameras everywhere. no guns. detentions without trial. arrests without warrants. ever watch the show 'prisoner'? it's getting like that. ours is wild west hands-off in comparison.

"Who are you?"

"I am Number 2, you are Number 6."

"I'm not a number, I'm, a FREE MAN!"

"HAAA HAHAHAHAHAHAH . . . . ."

[Mega]

Re: Taxpayer left with £2.4bn paper loss in RBS takeover

http://www.youtube.com/watch?v=29JewlGsYxs
Mike

[Mega]

Re: Taxpayer left with £2.4bn paper loss in RBS takeover

I was AT this concert!
http://www.youtube.com/watch?v=0Tb8J...eature=related
Mike