RBS about to implode?

shaven-monkey

um, interesting.

Nearly matching RBS’ £1.9 trillion of assets, RBS has £1.8 trillion of liabilities.

So unlike other banks and most of the major retailers in the UK the bank is technically solvent. The shareholders just don't like the idea of nationalisation so they're trying to dump their holdings. Of course these figures don't include the "toxic" assets because nobody likes to put those on a balance sheet these days.

As for no investor in their right mind extending loans... well the taxpayers are each underwriting £33k of debt right now, all the other measures will just increase that debt.

The moral of the story is : Rise up and put the bankers, politicians, hedge fund managers, debtmongers and other capitalist pigdogs against a wall and shoot them in the face.
Better yet, put them into labor camps to work off the massive volumes of value they've stolen from each and every one of us.
Or would that be inhumane?

luvpump

JonnyBravo wrote: »

RBS shares are now down over 60% on the day. (13p a throw)

I'm aware of course that the Govt is now the majority shareholder but it seems as if no-one else wants a bar of it no matter what the price.

Lloyds seems to be heading the same way. Over 30% down on the day.

RBS to be fully nationalised by end of week?

Full Nationalisation of several Banks is more than likely IMO, & this latest Bail out is simply postponing the inevitable...the Economy is shafted !!

shaven-monkey

bloomberg says the 1 year Return on Investment for RBS group is : -96.286%

Hehehehehehehehe.
It's actually a fairly attractive long term investment option at the moment. Provided it doesn't disappear up its own toxic asset hole.

dad-of-4

mizzbiz wrote: »

God, soon we'll be calling each other Comrade, working for the ministry of shopping and hiding from our 42" Telescreens!

nah we'll be working for next to nothing and have no time to enjoy our 42" telescreens

WTF?_2

shaven-monkey wrote: »

um, interesting.

So unlike other banks and most of the major retailers in the UK the bank is technically solvent. The shareholders just don't like the idea of nationalisation so they're trying to dump their holdings. Of course these figures don't include the "toxic" assets because nobody likes to put those on a balance sheet these days.

As for no investor in their right mind extending loans... well the taxpayers are each underwriting £33k of debt right now, all the other measures will just increase that debt.

Indeed - full nationalisation of this turd can't be far off at which point the shareholders risk losing everything. Not surprising that they are choosing to dump their shares before that happens.

louiser123

its all gone up the creek!!

cant really comment more i bank with rbs what will it mean for me?/ does anyone know?

Kenny4315

:mad: :mad: WHAT A GNIKCUF SHAMBLES ? :mad: :mad: :mad:

They should haul the board and senior managers to court :mad: , and have them pay back all the monies that they have been paid to run this sorry PILE OF SH*TE :mad: , if that does not clear the debts (which it won't they should sieze their assets and sell them :mad: , this will send a message that we won't accept these F*CK ups any longer :mad: ), because clearly they have been just PiZZing around for many years :mad: , and now the burden is coming to haunt the general public :mad: , it's an ABSOLUTE GNIKCUF disgrace :mad: :mad: :mad: :mad: , and I'm getting more annoyed everyday with these useless high paid W*ankers :mad: :mad: who couldn't get laid in a brothel let alone run multi-billion pound companies. :mad: :mad:

Mr Clowns & Hs Darlings solution of bailing these T*ATS out isn't working because it's a total mess. :mad:

Where have the auditors been, asleep, or kissing up for more contracts ? :mad: Why where there no government controls ? :mad:
Why was this situation not brought to light 3 years ago ?

:mad: :mad: :mad: :mad: :mad: :mad: :mad: :mad: :mad: :mad: :mad: :mad: :mad: :mad: :mad: :mad: :mad: :mad: :mad: :mad:

LET THEM GO UNDER, YOU MAY AS WELL JUST OPEN A NEW BANK UNDER GOVERNMENT CONTROL FROM THE START, AS THEY ARE NOT PASSING ON THE CREDIT ANYWAY, THIS IS A DISASTER MOVIE GONE WRONG. :mad: :mad: :mad:

Andrew64

It can't go on for long as it's simply unreal for a bank the size of RBS/NatWest to have penny shares!

RandomDan

Not being clued up on such things, I have a question. My mortgage is with RBS (well, One Account, but bought out by RBS). What would be the upshot for the typical mortgage holder such as myself (2.5x income mortgage, 50% equity) if it were to become nationalised?

Similarly, what would happen if they went under?

Kenny4315

Andrew64 wrote: »

It can't go on for long as it's simply unreal for a bank the size of RBS/NatWest to have penny shares!

YEAH THEY SHOULD BE MINUS £500 each.