RBS bank losses and the bail out....

[Tony*T3]

This 20 Billion we've (the taxpayer) stumped up to the RBS for its losses this year.... is that the end of it?

Or will they be making massive losses again next year? Only someone mentioned recently that the bank still has something like £270 billion worth of debt to service, so I'm wondering how they are going to post a profit in these hard times?

Will they be back for another 20 billion next year? And if the tax payer ends up effectivly owning the RBS, will we just be buying their massive debt?

[BigJonMcQuimm]

Yes.

[thegman]

Yes.

[BigJonMcQuimm]

removed.

Edited by BigJonMcQuimm on Thursday 12th February 12:18

[jackal]

I could be wrong but the Govt. haven't just given RBS 20bn in a big suitcase like if you gave a car dealer 20 grand in 50 pounds notes.

its a form of insurance against their bad assets.. be good if someone could clarify exactly how it works

[jesusbuiltmycar]

Only 12 more bank bailouts to go says Darling...

dailymash

[williamp]

does anyone know where the governemtn is getting the money from to bail out the banks?

They cant borrow from the banks, can they???

[DPX]

They print it.

[BigJonMcQuimm]

printing press.... or flog government bonds till people are not prepared to buy them

[BigJonMcQuimm]

Yes Noel.....

All too true.

The paralysis that has hit RBS due to the ongoing merger is staggering.

[BigJonMcQuimm]

NoelWatson said:

BigJonMcQuimm said:

Yes Noel.....

All too true.

The paralysis that has hit RBS due to the ongoing merger is staggering.

Which area of ABN/RBS do you work in?

Not me... the OH...

Pm for more, as not happy posting anymore!

[2something]

UBS failed to dump the DR toxic poo in the summer of 2007.

No clue on the ABN positions, maybe they had more fibre in them

[smifffymoto]

"I'm not happy to say more".So there is a lot more debt/we're deep in it news to come from RBS?

[off_again]

smifffymoto said:

"I'm not happy to say more".So there is a lot more debt/we're deep in it news to come from RBS?

Don't know, but lots happening there and lots of rumours. However, they are just that (except from the people who work there) and its a dangerous game to spread these. Discussion is a good thing, but there is an argument that says they need to resolve things, without the threat of constant rumour.

Not going to happen though - too much interest and owned by you and me!

[BigJonMcQuimm]

To clarify - my comments are aimed at 12 months ago... not based on anything current.

[FourWheelDrift]

williamp said:

does anyone know where the governemtn is getting the money from to bail out the banks?

Late at night when we are all asleep Alastair Darling sneaks around all our homes and raids our piggy banks. It all adds up.