Entries Tagged as 'rbs'

Monster printing, deficit cutting and seeing no bubbles but one

June 28th, 2010 97 Comments

Stacy Summary: Gee, I wonder if they are as committed to their promise to halve deficits in 3 years as they were to their commitment three years ago to double aid to poor countries? Macquarie says no bubble in Australian housing or US Treasuries, but a big one in gold RBS tells its clients to [...]

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Oracle of Omaha Defends Lloyd ‘Doing God’s Work’ Blankfein; Says RBS Was ‘Dumb’ to Lose $900 Million on Goldman’s Allegedly Fraudulent CDO

May 2nd, 2010 87 Comments

Stacy Summary:  I doubt RBS managers were dumb.  I’m sure they knew exactly what they were doing when they participated in this allegedly fraudulent CDO. Warren Buffett says his investment in Goldman is going well, RBS is ‘dumb’ to have lost money and Lloyd is innocent

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RBS dumping toxic assets on Ireland

November 22nd, 2009 250 Comments

Stacy Summary: Oh dear. RBS dumping toxic assets on Irish taxpayers

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Carbon billionaires & banks where billions go to die [UPDATED]

November 4th, 2009 86 Comments

Stacy Summary:  And I am sure Germany, China and Denmark will become superpowers for having the foresight or ability to replace the century old technologies on which we have been running our infrastructure.  If RBS ‘may’ need more cash, they will need more cash.  Think that £282 billion taxpayer funded ‘risky asset’ scheme will get [...]

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