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GOVERNMENT SPENDS £100 BILLION BAILING OUT ONE SCOTTISH BANK

Iain Martin at the Telegraph this afternoon points out on his blog that Royal Bank of Scotland on its own will cost tax payers £100 billion most of which we are unlikely to ever get back – maybe we will sell our 95% holding for £15 billion in a decade or so – who knows.

The whole Fred the Shred stink is embarrassing for the government but it makes sure that no-one is talking about the main story – GOVERNMENT SPENDS £100 BILLION BAILING OUT ONE SCOTTISH BANK.

2 replies on “GOVERNMENT SPENDS £100 BILLION BAILING OUT ONE SCOTTISH BANK”

Even worse – will this government strategy actually work?

Let me ask you Councillor Taylor that same question I asked Councillor Gibb on his blog some weeks ago.

What alternative strategy does the Conservative party have to head off/deal with the oncoming bank failure led Depression?

I’ll settle for an answer on just one of the two blogs.

Fred Goodwin ex senior director of The Royal Bank of Scotland should lose his pension. He hasn’t done well for his company and should suffer the consequences. Should the senior director for any company not be held responsible? Letting him get away with such a big pension is ludicrous.

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