Wednesday, 11 March 2009

The Border Reivers......

The Royal Bank of Scotland is now nationalised in all but name thanks to the breathtaking generosity of British Taxpayers, who have just pumped another £25.5 billion north of the border, and are on the hook for even higher losses on the asset-protection plan than was originally envisioned. Yet even after all this, RBS's capital ratios were so anorexic that the Treasury had to stump up an extra £13 billion to buy B shares with an option for £6 billion more to support new lending.


To support new lending? Of course, that is why we were putting all this money into RBS - to revitalise lending and thus the housing market. We were saving all our futures and hard working British families who needed a roof over their head.


A neat piece of social engineering is now under way - hard working British families have mortgaged their grandchildren's future to support RBS - and RBS today announce a £1.7 billion package to help re-invigorate the Scottish housing market........


The lending package includes £500m released through the Treasury's Asset Protection Scheme, aimed at bringing financial stability to Britain's banks during the global downturn.


Paul Geddes, chief executive of consumer banking at RBS Group, said: "Our message to customers in Scotland is very clear, we are now more than ever open for mortgage business. We hope the latest commitment goes some way to refuelling the Scottish economy and provides borrowers with the financial means to get back on track and realise their plans for the future."



Royal Bank of Scotland needs to declare whether it is a 'UK Bank' or a 'Scottish Bank' - some of us are beginning to smell a rat.


OH Update: I do recommend that they change the graphics on the Graduate recruitment site


Just one of many.....hit refresh


18 comments:

Rab C. Nesbitt said...

The way it's going I'd rather be a follower of Islam than a Jock.

haddock said...

I see that we, in the civilised world, are going to be forced to accept Jock money under the
Scottish Banknotes (Acceptability in United Kingdom) Bill

wv=muffurgr which I think is slurred/standard glaswegian for politician.

Rab C. Nesbitt said...

Four printing presses are better than one Haddock old chap!

Guthrum said...

Simples !

They are playing politics in Scotland with English,NI,and Welsh Money to take on the SNP.

The SNP argued that Scotland was a viable independent state, hey look at Iceland said former Banker Salmond, guess which Bank RBS 1980-87.

Labour argued it was not, and the SNP was economically flawed, and that Socialism not Nationalism was the way forward for Scotland under Labour. With Scotland in the bag, England could be run by using Scottish Labour seats, whilst English MP's could not vote on Scottish Matters.

It is one large stinking rat, owned by that unelected PM one G.Brown Head of the Darien Government.

JD said...

Scotland has never really been my favourite part of England, Now it is even less so, JD.

The Penguin said...

http://therantingkingpenguin.blogspot.com/2009/03/step-into-light-you-hoon.html

Another Scottish Cunt

The Penguin

Wyrdtimes said...

RBS is 64% owned by the English taxpayer - the ENGLISH taxpayer.

a. It should be renamed the English Taxpayers Bank

b. How is it the benefits are all going to Scotland?

The English are being robbed front, back and sideways.

North Northwester said...

Not a Scottish politician came south to England and rose to the top but wanted English money.

We kicked the Stuarts out three timeses, FFS!

Can't they take a hint?

Anonymous said...

Went through Manchester Airport yesterday, to see massive advertisements everywhere:

RBS - YOU DESERVE A BETTER BANK

Fucking right we do. Someone's ad agency needs to go back to the drawing board methinks.

St George's grandma said...

Now they've taken all our money, perhaps they'll declare UDI and fuck off out of our lives forever. Wecan then start the rebuildingprocess in earnest.

Wispy said...

Another vain attempt to reinflate the housing market. Though, sadly, I can understand why the government is perusing this policy; the majority of the electorate don’t give a shit about anything except how much their house has 'gone up'. The boom in real estate prices has kept Newlab in power for the last 12 years...

Hibbo said...

ah yes, once again the proud and wannabe sweaties are happy enough to take money of the Henglish precks.

Anonymous said...

What a laugh! for all those twats who thought house prices would carry on rising and a punt on shares was a sure fire winner, thanks for a wrecked economy you pricks! Now millions of you are blaming the banks for your own greed.

Britain, still a world leader in hypocrisy

Rab C. Nesbitt said...

Anna, I just read what you have allowed on your blog, just after you published this. Consider yourself removed from my bookmarks.

electro-kevin said...

Are they trying to start a civil war ???

Do they not realise the anger and exasperation, the ffffff ...

... Ahhh - the comfy sofa ...Zzzzzz

Anna Raccoon said...

Rab C. Nesbitt said...

***********************

Sorry to hear that Rab - and equally sorry to hear that you don't think everybody is entitled to their point of view.

I thought Mara had put a lot of thought into that post, as I'm sure you put a lot of thought into your comment.

it's either banned or compulsory said...

" £1.7 billion package to help re-invigorate the Scottish housing market........"
Nearly crashed the motor when I heard that on the radio yesterday.
On the other hand, being sprogless it won't be my grandchildren paying this all off, it will be yours.
Spend Spend Spend says I.

polaris said...

Sorry again

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