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Topic History of: New 42 Billion bailout for RBS Bank today
Max. showing the last 5 posts - (Last post first)

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Bloomberg is carrying the story that RBS has accepted a $42 billion share issue to the Government today.

This is because they have just had DUBAI default on payments for the debt on the building of the DUBAI dream yesterday.

Quick action by the Government otherwise RBS would have gone under over the weekend.

But it shows that basically the banks in the UK are totally bankrupt and the "economic recovery" is just smoke and mirrors.

Of course "the man in the street - you and I " dont care that all the money in our pocket is funny money printed by the Government ( who must be near 2 Trillion in debt now )

One major incident in the World and the whole lot will come crashing down. We are literally on egg shells for the foreseeable future because the World Economy is held together by sticky tape and debt.