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February 10, 2009



No one is too smart to deceive himself.

D iversity

The Barclay's deal looked 'hard to justify' as they say. Chris Dillow said it clearest; but he was not alone

The RBS deal was manifestly worse: a higher price, the good bits of ABN Amro handed to Santander, what looked like the second best to Fortis (even so they proved toxic) and the dicey remainder to RBS with no discount.


Seems like it was a case of the RBS guys thinking the could be big time Charlies and create some kind of global institution like CITIBANK... and damn it, what a success that has been!

As far as I can remember RBS were only really after part of ABN relating to a real estate portfolio, but ended up having to buy the whole thing... thinking they could break it up and parcel out the bits they wanted... but then the credit crunch happened.

I hope the original RBS shareholders get diddly squat for their shares. They can only blame their board and executive directors for making a total arse of it and forcing the govt to rescue them.

Barclays must be laughing to themselves! a narrow escape! they could have ended up being nationalised.


Well done, although this isn't really an example of merger gains being caught by the shareholders, instead it wasn't worth anywhere near the share price.


The whole finacial fiasco seems to be based on either fraud or incompetence.

I wonder how far will the Brits go to get their pounds worth of justice.


I suspect "wilful stupidity" would be closer to the truth.


"I wonder how far will the Brits go to get their pounds worth of justice."

Would you like to step into the line and qeue please?

rolex submariner

And a lot of it reflects a switch from bank deposits to securities; foreigners “other investments” in the UK, http://www.watchgy.com/ mostly bank deposits, fell by £143.2bn in Q1. And of course there’s no guarantee such buying will continue.

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