What will Happen to RBS and Lloyds?
16-01-2012, 13:56
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#16
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Re: What will Happen to RBS and Lloyds?
Quote:
Originally Posted by Alan Fry
What the government should do is fully take control of RBS and Lloyds and then sell of the good assets to rival banks and thr remaining assets would be transfered to the government's "bad bank"
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The government has a bad bank  ,no wonder we're in so much bother
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16-01-2012, 13:58
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#17
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Cable Forum Team
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Re: What will Happen to RBS and Lloyds?
Quote:
Originally Posted by Alan Fry
What the government should do is fully take control of RBS and Lloyds and then sell of the good assets to rival banks and thr remaining assets would be transfered to the government's "bad bank"
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Excellent idea - just what we need, more Government bad debt to affect our country's credit rating.... 
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16-01-2012, 14:03
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#18
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Re: What will Happen to RBS and Lloyds?
Quote:
Originally Posted by martyh
The government has a bad bank ,no wonder we're in so much bother |
It is for the bad assets of Northern Rock (now Virgin Money) and Bradford & Bingley (now Santander UK), it is called UK Asset Resolution Ltd and it is part of UK Financial Investments Limited, who own RBS and Lloyds
http://en.wikipedia.org/wiki/UK_Asset_Resolution_Ltd
---------- Post added at 14:03 ---------- Previous post was at 13:59 ----------
Quote:
Originally Posted by Hugh
Excellent idea - just what we need, more Government bad debt to affect our country's credit rating.... |
This might be the only way we even get back any of the taxpayer money put into RBS and Lloyds, which isn to shut them down and sell of the good bits, plus the "bad bit" can still make money for the taxpayer (that is unlikely though)
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