We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

Debate House Prices


In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

RBS Loses 5, er 3.6, Billion in 2009

Mr.Brown_4
Mr.Brown_4 Posts: 1,109 Forumite
edited 25 February 2010 at 7:40AM in Debate House Prices & the Economy
Despite the bending of every financial rule in the book is that the best they can do?

Tell me again about the recovery and the good times just around the corner.

http://news.bbc.co.uk/1/hi/business/8534694.stm
«134

Comments

  • DaddyBear
    DaddyBear Posts: 1,208 Forumite
    Mr.Brown wrote: »
    Despite the bending of every financial rule in the book is that the best they can do?

    Tell me again about the recovery and the good times just around the corner.

    http://news.bbc.co.uk/1/hi/business/8534694.stm

    I'm sure the RBS staff can. What was this years bonus pot??
  • Mr.Brown_4
    Mr.Brown_4 Posts: 1,109 Forumite
    DaddyBear wrote: »
    I'm sure the RBS staff can. What was this years bonus pot??
    1.5 billion I believe or thereabouts. Signed off by the Government of course. Of course we do benefit from the tax take on that, should be about 39p.
  • sandiep
    sandiep Posts: 915 Forumite
    I think I would have been more upset if they posted record profits.
  • Mr.Brown_4
    Mr.Brown_4 Posts: 1,109 Forumite
    sandiep wrote: »
    I think I would have been more upset if they posted record profits.
    If they made a profit there would be a chance of them paying some money back. I don't know how many billions the tax payer is owned, but it would be quite a help.
  • kabayiri
    kabayiri Posts: 22,740 Forumite
    Part of the Furniture 10,000 Posts
    What? I don't get this. People in here were telling me these state majority purchases of banks were actually a good deal, and this would only cost us 10 billion or so.

    I want my £2.50 back.
  • Mr.Brown_4
    Mr.Brown_4 Posts: 1,109 Forumite
    kabayiri wrote: »
    What? I don't get this. People in here were telling me these state majority purchases of banks were actually a good deal, and this would only cost us 10 billion or so.

    I want my £2.50 back.
    'People in here' will tell you all sorts of things. I suspect the deal was the only deal. The other choice was the end of the UK banking system. Nice management by Gordon, and what timing to get to be PM just before the house of cards collapsed.
  • Kohoutek
    Kohoutek Posts: 2,861 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Mr.Brown wrote: »
    Nice management by Gordon, and what timing to get to be PM just before the house of cards collapsed.

    His revenge is to set up Cameron to be the PM when the country collapses.
  • ses6jwg
    ses6jwg Posts: 5,381 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Give it a few years.... she'll come good, still bad debts on the books.
  • Mr.Brown_4
    Mr.Brown_4 Posts: 1,109 Forumite
    ses6jwg wrote: »
    Give it a few years.... she'll come good, still bad debts on the books.
    So maybe 1 billion a year profit for five years to cover 2009 losses. And then start paying the taxpayer back. Could be a long haul I guess.
  • aelitaman
    aelitaman Posts: 522 Forumite
    Methinks the results are announced tomorrow at 7am.

    My betting is the McRuin has signed off 1.5billion of bonuses because RBS will be cooking the books and putting a very positive spin on the results and the future. All to coincide with an Election Campaign where McRuin will spout ad infinitum "I did the right thing and the Tories eat babies."
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 353.4K Banking & Borrowing
  • 254.1K Reduce Debt & Boost Income
  • 455K Spending & Discounts
  • 246.5K Work, Benefits & Business
  • 602.8K Mortgages, Homes & Bills
  • 178K Life & Family
  • 260.5K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture