RBS about to implode?

paulmx3

perhaps it may be a good idea to fully nationalise rbs,use it as a "bad bank" for the government.....oh wait silly me i forgot they already have one its called the bank of england......:o

R4pture_2

Please forgive my ignorance because I really dont know the answer to this and don't wish to sound stupid. but i want to learn,

If this bank was to be nationalised what would happen to the shares?.

Am I totally wrong in thinking now is a good time to buy a wedge of this banks shares for the future?. can anyone educate me at all please?

baby_boomer

Telegraph in October 2008

Sir Fred Goodwin (knighted for his "services" to banking & RBS)

"was paid £4.2 million last year including a £2.86 million bonus. He has an £8.37 million pension pot that will pay him £579,000 per year when he reaches the bank's retirement age."

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

Why did they do away with the stocks? (The wooden ones, not bank shares post nationalisation .)

Kenny4315

Mr_Matey wrote: »

You are one angry, angry man. Stop reading the news, take a chill pill and go to Spain for a week.

These highly paid IDIOTS are making my blood boil. :mad:

No point in going to Spain, it now costs £5m or 1.60 euro, for a cup of coffee, well not quite, but that could be Gordon Goal, maybe he has a chain of european coffee shops ??

baby_boomer

Three hundred years of Scottish banking history (Bank of Scotland and Royal Bank of Scotland) down the toilet in a single year.

Goodwin and Hornby, if not their pensions, are going down in history as the worst bankers ever.

The previous executive of HBoS, Crosby, has been advising the government on the mortgage market :rotfl:

mizzbiz

R4pture wrote: »

Please forgive my ignorance because I really dont know the answer to this and don't wish to sound stupid. but i want to learn,

If this bank was to be nationalised what would happen to the shares?.

Am I totally wrong in thinking now is a good time to buy a wedge of this banks shares for the future?. can anyone educate me at all please?

Now is the WORST time to buy shares in RBS - if it's going to be nationalised, the shares will be suspended. Northern Rock and Bradford & Bingley shareholders have lost everything they had in shares. As did everyone who saw the shares plummeting and thought they'd make a killing buying them up.

pararct

baby_boomer wrote: »

Telegraph in October 2008

Sir Fred Goodwin (knighted for his "services" to banking & RBS)

"was paid £4.2 million last year including a £2.86 million bonus. He has an £8.37 million pension pot that will pay him £579,000 per year when he reaches the bank's retirement age."

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

Why did they do away with the stocks? (The wooden ones, not bank shares post nationalisation .)

I think the public view will become so outraged that the FSA will be forced to bring some sort of charges against these people.

Why should Goodwin be allowed to disappear into obscurity with a pension 99% of the population could only dream of when his actions as a CEO have caused so much misery to so many people.

The time is coming when these people will have to pay...........

pararct

mizzbiz wrote: »

Now is the WORST time to buy shares in RBS - if it's going to be nationalised, the shares will be suspended. Northern Rock and Bradford & Bingley shareholders have lost everything they had in shares. As did everyone who saw the shares plummeting and thought they'd make a killing buying them up.

Maybe not. The Share Certificate may have some curiosity value on EBay when we come out the other side of this......:rotfl:

funkyfreddy9k

baby_boomer wrote: »

Telegraph in October 2008

Sir Fred Goodwin (knighted for his "services" to banking & RBS)

"was paid £4.2 million last year including a £2.86 million bonus. He has an £8.37 million pension pot that will pay him £579,000 per year when he reaches the bank's retirement age."

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

Why did they do away with the stocks? (The wooden ones, not bank shares post nationalisation .)

all that money aint gonna mean much if RBS collapses. Most blue chips in britain have been credit facilities with RBS, if RBS goes, they all go as well. That means most high street names will be wiped out. Proper end of society as we know it stuff.

Snooze

Cleaver wrote: »

You don't consider society collapsing to be a bad thing? I agree with you though that the current method of bail outs is not being done the right way.

Presumably what you mean by "society collapsing" is wrote you wrote in your next bit below? :

This is a bit of a pointless arguement, but I assume that if everyone in the counrty withdrew all of their cash over the next couple of days the financial system as we know it would collapse. There would be no ways for any businesses to operate so no one would have jobs. But even if you had a job you couldn't get paid as there would be no method of either a) obtaining the money or b) getting it to you. You would then have the social problems pretty soon after: no food, no utilities, riots, disease, famine and pretty much every other horrible thing going. At this point I wouldn't be thinking "Oh well, on the plus side I have £20k in notes under my bed".

Well I think you're exaggerating somewhat here. Obviously you would still need bank accounts in order to receive things like wages and pay direct debits etc and the same applies to companies in order for them to pay suppliers, receive money from their customers and pay their employees' wages.

What I am saying is that if you don't need your money to be in a bank account then either don't put it in in the first place or take it out. What they haven't got they can't take, and the fact that Clown is constantly trying to reassure everyone that the money in their bank accounts will be safe should the !!!!!! really hit the fan makes me very uneasy because every time that guy opens his gob it's one stream of lies after another.

All I'll say is you're a far braver man than me trusting your money with (corrupt) financial institutions/Government at the moment! :eek:

Rob