RBS to be chopped in half

piggeh

My mate touched on them a few times when he were bored, but its pretty random over such short time frames. The only real way to make money on any betting is to 'be the bookie' and have a suitable margin.

(or work out a bi-variate poisson distribution and apply it to football, some guy's thesis doing so had him rake a 600% profit over the season).

Reaper

What was this thread about again? O yes, RBS - Realistic Betting Strategies

Wookster

I think its a pretty good idea. Restructuring the nationalised banks so that the core businesses remain is one of the best ways to get them functioning rationally again.

I reckon the big pluses to this (if they can pull it off - after all, who wants to buy dodgy debt at a reasonable price?) are:

1. Removal of the worst liabilities from the the taxpayers account
2. This does not allow those deeply in debt to press a "get me out of here" button and for their debts to vanish as vulture funds will be pretty keen to see some return on their debt
3. Hopefully this will leave a less risky, boring bank behind (which is what they should have been in the first place).
4. It takes the hassle of valuing the dodgy lending book away from the Treasury, which has got to be a good thing, though the sale will probably force RBS to recognise a loss on the sale of the dodgy assets which may have to be plugged by tax payers depending on the quantum.

Lloyds may follow suit, and that won't be a bad thing imo.

Right, time do down those last bits of wine and then to join my better half in the land of nod.