£28 BILLION down the drain: RBS unveils record loss as Brown writes out £1trillion b

[Legal Beagles]

British banks took a further step towards full-scale nationalisation today as the Government risked billions more of taxpayer's money to try and save the economy.

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[natweststaffmember]

Re: £28 BILLION down the drain: RBS unveils record loss as Brown writes out £1trilli

Thank You Sir Fred Goodwin, Thank You Sir Tom McKillop for both talking a load of hot air last year. Thank God you will not be with us anymore.

[Guest]

Re: £28 BILLION down the drain: RBS unveils record loss as Brown writes out £1trilli

Goodwin won't starve, his £8.4million pension pot will see to that. As for Sir Tom, I am sure he will be similarly protected against the mess they both helped cause.

[natweststaffmember]

Re: £28 BILLION down the drain: RBS unveils record loss as Brown writes out £1trilli

They are, and it is a pity that the government did not or does not(in the case of Sir Tom McKillop) do anything about that. The toxic debts from ABN AMRO is reputed to be 20 billion pounds. The worst deal in corporate history and the likelyhood is the Stephen Hester may well get rid of overseas companies, so that was a waste of money in the first place. Stupidity lead to a lack of liquidity.