have just seen that (finaly) a bank is going to start lending us our money ! its the RBS we the tax payers own it. £ 1.7 billion they are going to start lending to
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. people looking for loans in Scotland !!!!!!!!!!!!!!!!!!
maybe then the Scots should bail out the f**kin thing as well ?
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HBOS, Bradford & Bingley, RBS, Northern Effing Rock...spot the common thread running through. All of them based up north or over the border and had a business model which seems to have been based on lending check out operators in Wigan/Newcastle/Falkirk/wherever, nine times their basic wage paying salary so they can have a new car ever two years, eff off plasma screens and a house they had realistically no hope of repaying the mortgage on. Nice one.
I know where I'd stick the next generation of nuclear power plants - right across the road from Hadrians Wall. Just behind the wind farms...
No, you'd just be thick.
Would we get expenses?
NatWest, Lloyds TSB? Doesn't really fit in with your argument.
To be fair, the media and most people have totally failed to understand what caused the whole caper. Bad housing debt is what did for tiddly little banks like NR and B&B, but it's not the real reason behind the bigger boys. Proprietary trading is behind the whole caper - basically banks gambling their money on the stock exchange. It seemed obvious. While the markets were on the up they were making vast sums of money for their customers, so they thought why don't we get a slice of this pie? The only problem is they failed to look at their own small print and missed that the value of investments can go up as well as down. Like any dumb investor they believed that a rising market would go on forever and over-committed. That's where the cash has gone. Surprised so few people have sussed this out. It makes the whole thing more the fault of our own barrow boy traders believing their own hype, than any northern monkeys from Wigan, I'm afraid. Unfortunately they thought that they were making money because they were geniuses, but generally they were making money because everyone was.
Anyway, anyone who's hacked off with this should just be moving their business from these banks. If enough of you do it, they'll know about it.
If they shut branches, they will do it based upon those least profitable, which is more likely to be in remoter regions (such as in rural Scotland). Big business is motivated by pound notes, not national prejudices.
so why are they lending £1.7 billion in Scotland only ?
s why are the Directors all scots ?
no national prejudices there then all sound investments
He was talking about Lloyds TSB. Their HQ is in London, they've not made any lending statements and the directors aren't all Scots (nor are RBS's). Apart from that you're factually right on the money.