Re: RBS (threads merged)
Originally Posted by
Barry
->
What can you do when the Labour administration overpaid for the shares in the first place? Paying over £5 a share for a bank going bankrupt seemed sheer lunacy to me at the time ...... and actually still does.
Indeed.
We are still living in the catastrophic aftermath of the last Looney Labour government, where the uber arrogant and stupid Gordon Brown took the country to the very brink of bankruptcy. Our belligerent Commie Uncle Joe can bleat all he likes about relatively small events, but the fact remains that it was LOONEY LABOUR who destroyed this economy and p1ssed away the country's gold reserves.
Gordon Brown brings Britain to the edge of bankruptcy
https://www.telegraph.co.uk/comment/...ankruptcy.html
"They don't know what they're doing, do they? With every step taken by the Government [Looney Labour] as it tries frantically to prop up the British banking system, this central truth becomes ever more obvious"
"The country stands on the precipice. We are at risk of utter humiliation, of London becoming a Reykjavik on Thames and Britain going under. Thanks to the arrogance, hubristic strutting and serial incompetence of the Government and a group of bankers, the possibility of national bankruptcy is not unrealistic.
The political impact will be seismic; anger will rage. The haunted looks on the faces of those in supporting roles, such as the Chancellor, suggest they have worked out that a tragedy is unfolding here. Gordon Brown is engaged no longer in a standard battle for re-election; instead he is fighting to avoid going down in history disgraced completely."
"He turned on the fountain of cheap money and encouraged the country to swim in it. House prices rose, debt went through the roof and the illusion won elections. Throughout, Brown boasted of the beauty of his regulatory structure, when those in charge of it were failing to ask the most basic questions of financial institutions. The same bankers Brown now claims to be angry with, he once wooed"
LOONEY LABOUR !
NEVER AGAIN !