How much could we make out of RBS?
Discussion
ringram said:
Indeed. The failed RBS employees seem to be winning over the rest of the population..
?Last time I looked RBS weren't going around threatening the break the legs of clients who didn't borrow from them.
The simple fact remains that people borrowed far more than they should have, lost all discipline and common sense and now that it's all going wrong they are desperate to blame others for their own stupidity.
You only have to look at the number of people having to buy cars on finance to see just how utterly moronic and rather sad the population of this country is.
Unfortunately, it's people like me who have to bail these schmucks out and have to help them pay their car loans, their credit card bills and their mortgage. They are very lucky that not everyone in this country is an irresponsible, self serving muppet.
birdcage said:
How much would they/we get for Coutts?
Trophy asset.....
It's an interesting question.Trophy asset.....
A lot of clients moved away in 08. I suspect it's not as strong a brand as it was. Still, it would be an easy sell and you'd kind of be surprised if feelers haven't beenout in the market to see if there was a buyer at a fair price.
Further to previous comments with regards to spreads...
http://www.dailymail.co.uk/news/article-1333163/No...
"First-time buyers face a huge rise in the cost of their mortgages at Britain’s biggest lender.
Halifax has revealed plans to raise its loan rates from January for all new borrowers.
In a further blow, the lender – part of Lloyds, which is 41 per cent owned by the taxpayer – is also scrapping a promise that its standard variable rate deal will never be more than three percentage points above the Bank of England’s base rate."
http://www.dailymail.co.uk/news/article-1333163/No...
"First-time buyers face a huge rise in the cost of their mortgages at Britain’s biggest lender.
Halifax has revealed plans to raise its loan rates from January for all new borrowers.
In a further blow, the lender – part of Lloyds, which is 41 per cent owned by the taxpayer – is also scrapping a promise that its standard variable rate deal will never be more than three percentage points above the Bank of England’s base rate."
ringram said:
Further to previous comments with regards to spreads...
http://www.dailymail.co.uk/news/article-1333163/No...
"First-time buyers face a huge rise in the cost of their mortgages at Britain’s biggest lender.
Halifax has revealed plans to raise its loan rates from January for all new borrowers.
In a further blow, the lender – part of Lloyds, which is 41 per cent owned by the taxpayer – is also scrapping a promise that its standard variable rate deal will never be more than three percentage points above the Bank of England’s base rate."
You commenting on shoddy journalism?http://www.dailymail.co.uk/news/article-1333163/No...
"First-time buyers face a huge rise in the cost of their mortgages at Britain’s biggest lender.
Halifax has revealed plans to raise its loan rates from January for all new borrowers.
In a further blow, the lender – part of Lloyds, which is 41 per cent owned by the taxpayer – is also scrapping a promise that its standard variable rate deal will never be more than three percentage points above the Bank of England’s base rate."
ringram said:
Indeed. The failed RBS employees seem to be winning over the rest of the population..
What's this supposed to mean? The "failed" staff, those responsible for the loss, have pretty much all gone. They lost their jobs.The profitable, successful staff stayed, and are now generating good operating profits for the owners, us.
Don't you want to pay them enough that they keep doing so?
Immoral argument. Therefore invalid.
Do failed companies get to have profitable pieces propped up by the tax payer?
No. So why should a failed bank?
Let other sound banks pick up the profitable pieces as per Lehman's, Bear Sterns, HBOS etc.
RBS should have been consigned to history. To say otherwise is an affront to the capitalist system.
Its a politically corrupt and failed policy. Bailouts are wrong, period.
If you like politically funded companies I suggest North Korea may be more to your liking. Or perhaps that mindset has won and we now live in a corrupt and failed state.
Do failed companies get to have profitable pieces propped up by the tax payer?
No. So why should a failed bank?
Let other sound banks pick up the profitable pieces as per Lehman's, Bear Sterns, HBOS etc.
RBS should have been consigned to history. To say otherwise is an affront to the capitalist system.
Its a politically corrupt and failed policy. Bailouts are wrong, period.
If you like politically funded companies I suggest North Korea may be more to your liking. Or perhaps that mindset has won and we now live in a corrupt and failed state.
That's possibly the stupidest posts I've read in a while. One of the most petulant, too.
You are confusing whether the bank should have been saved with what should be done now. They are two separate issues.
As for North Korea being more to my liking, I think that I'll stick to being a banker in London for now and, like many "failing" others, continue to subsidize people like you, even as you shake your little fists and stamp your little feet at the injustice of it all.
You are confusing whether the bank should have been saved with what should be done now. They are two separate issues.
As for North Korea being more to my liking, I think that I'll stick to being a banker in London for now and, like many "failing" others, continue to subsidize people like you, even as you shake your little fists and stamp your little feet at the injustice of it all.
ringram said:
Immoral argument. Therefore invalid.
Do failed companies get to have profitable pieces propped up by the tax payer?
No. So why should a failed bank?
Let other sound banks pick up the profitable pieces as per Lehman's, Bear Sterns, HBOS etc.
RBS should have been consigned to history. To say otherwise is an affront to the capitalist system.
Its a politically corrupt and failed policy. Bailouts are wrong, period.
If you like politically funded companies I suggest North Korea may be more to your liking. Or perhaps that mindset has won and we now live in a corrupt and failed state.
Would you advocate that everyone with savings or money in RBS lose all their cash?Do failed companies get to have profitable pieces propped up by the tax payer?
No. So why should a failed bank?
Let other sound banks pick up the profitable pieces as per Lehman's, Bear Sterns, HBOS etc.
RBS should have been consigned to history. To say otherwise is an affront to the capitalist system.
Its a politically corrupt and failed policy. Bailouts are wrong, period.
If you like politically funded companies I suggest North Korea may be more to your liking. Or perhaps that mindset has won and we now live in a corrupt and failed state.
And we could end up turning a profit, naive post
birdcage said:
Would you advocate that everyone with savings or money in RBS lose all their cash?
And we could end up turning a profit, naive post
It is close to certain that we will reap a far, far bigger return by keeping them than by closing them. The ongoing losses are the marking down of existing assets for which there is no decent bid. Close RBS or keep it open, those assets are the taxpayers' now, as are the losses or profits which they will continue to accrue.And we could end up turning a profit, naive post
Ringram is being either hopelessly naive, or a bit dim if he imagines that we operate in a capitalist society, which operates on purely capitalist principles. Our economy is mixed, with elements of capitalism and socialism. The state can always intervene, or not, in industry, and there's nothing differently here. To paint this as some kind of immoral act is just idiocy. It's also hypocrisy, too, if he's ever benefitted from "socialist" policing, NHS, roads, or education.
Fortunately even the last government had a better understanding of economics than Ringram does, and they well understood that letting the bank fail was far worse than keeping it afloat.
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