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Government sale of RBS Shares - good buy??
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The taxpayer will lose a lot more than that when you add on the cost of borrowing to buy the shares, and all the fees trousered by the brokers advising Osborne to sell it.I think it is a way of them raising cash. Just a shame that "we the collective have to lose out" an estimated £1.39 per share.“It is difficult to get a man to understand something, when his salary depends on his not understanding it.” --Upton Sinclair0 -
Thrugelmir wrote: »Who decided to bail RBS out?
RBS as it stands today is a very bank to that in October 2008. There's still huge risk attached to the shareholding and no certainty that the road won't get rocky in the future.
The Labour government at the time had little choice but to spend £500bn bailing out the banks or see the country bankrupted when the banking system collapsed. RBS had been already been bankrupted by Fred the Shred and so now has different difficulties than the other banks bailed out.0 -
But the shares in this instance dont appear to be open for sale from the market - ie to me and you - only big institutions, of which, dare I guess guess, are run or at least have an interest by many of our finest MP's!
You can buy the same shares in the market now.Total - £340.00
wins : £7.50 Virgin Vouchers, Nikon Coolpixs S550 x 2, I-Tunes Vouchers, £5 Esprit Voucher, Big Snap 2 (x2), Alaska Seafood book0
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