Blogs by people claiming to be former MI-5 and MI-6 agents paint a sordid picture of state terrorism, rape, torture, mind control, murder and pedophilia in the service of the Illuminati.
The main blog is called "Richard Tomlinson and the Russians" but there are a dozen more listed. Taken together with Comments by insiders, they tell a hair-raising tale of mayhem perpetrated by these deranged Illuminati agencies. Most people will not believe it. It has taken me nearly a year to process it.
Read more...
Showing posts with label Bankers. Show all posts
Showing posts with label Bankers. Show all posts
Friday, May 29, 2009
Friday, October 17, 2008
New Blow For Homeowners As Lloyds INCREASES Cost Of Mortgages - Days After Getting £5.5bn Taxpayer Lifeline
Lloyds TSB is hammering families with higher mortgage costs only days after securing a £5.5billion taxpayer lifeline.
It not only refused to pass on last week's Bank of England rate cut for its new tracker mortgages, but from today it will increase rates on its trackers by between 0.3 and 0.5 per cent.
The bank is being quasi-nationalised under the Government's rescue scheme. It also stands to gain control of the country's largest mortgage book after Gordon Brown eased its takeover of ailing Halifax Bank of Scotland.
The Government had said Lloyds and other banks receiving taxpayer money would offer 'competitively priced lending' at 2007 levels.
But Lloyds's refusal to ease the cost of borrowing will pile the pressure on families already struggling with mortgage payments and rising utility bills.
The Bank of England last week slashed its base rate by a half-point to 4.5 per cent, but many financial giants are refusing to pass on the benefits to customers
Read more...
It not only refused to pass on last week's Bank of England rate cut for its new tracker mortgages, but from today it will increase rates on its trackers by between 0.3 and 0.5 per cent.
The bank is being quasi-nationalised under the Government's rescue scheme. It also stands to gain control of the country's largest mortgage book after Gordon Brown eased its takeover of ailing Halifax Bank of Scotland.
The Government had said Lloyds and other banks receiving taxpayer money would offer 'competitively priced lending' at 2007 levels.
But Lloyds's refusal to ease the cost of borrowing will pile the pressure on families already struggling with mortgage payments and rising utility bills.
The Bank of England last week slashed its base rate by a half-point to 4.5 per cent, but many financial giants are refusing to pass on the benefits to customers
Read more...
Thursday, October 16, 2008
Money - The Ultimate Addiction
The Devil does indeed 'lie in the details' of this finalizing moment of the federal government's insertion of itself, into the previously most-private interests of the major banks and US financial institutions. As early as today it is becoming clear that these banks and institutions are not yet "interested" in loaning out the $250 Billion that they got in exchange for letting the government into their private dens-of-monetary-iniquity: "NOT interested".
So, the owners are going to keep the money to "earn" more illicit interest, at the expense of those in crying need for what that investment of capital was supposed to solve? That's what we get for not making the loaning of that money immediately mandatory! Analysis's say that the money just inserted will not be available for several months: which translates to "AFTER the Elections."
Read more...
So, the owners are going to keep the money to "earn" more illicit interest, at the expense of those in crying need for what that investment of capital was supposed to solve? That's what we get for not making the loaning of that money immediately mandatory! Analysis's say that the money just inserted will not be available for several months: which translates to "AFTER the Elections."
Read more...
Tuesday, October 14, 2008
More Than A Million Homeowners Use The Credit Card To Pay Off The Mortgage And The Gas Bills
More than one million homeowners have resorted to taking out cash on their credit cards to pay their mortgage and essential bills, research suggests today.
A report accuses the banks of 'cashing in' on their customers who are 'desperate to get their hands on cash whatever the price'.
Withdrawing cash on a credit card is incredibly expensive, and involves a much higher interest rate than using a credit card to go shopping.
Typically, you are charged two per cent of the cash amount taken out, or a minimum of £5, and interest starts clocking up immediately.
On average, the APR (annual percentage rate) is a crippling 30 per cent. It has shot up in recent years from just 21.2 per cent in 2005.
The report, from the price comparison website Uswitch.com, found soaring numbers of borrowers are relying on getting out cash in this 'emergency' method.
Read more...
The Illuminati Bankers must be rubbing their hands with glee !
Debt upon Debt upon Debt !!!!!
A report accuses the banks of 'cashing in' on their customers who are 'desperate to get their hands on cash whatever the price'.
Withdrawing cash on a credit card is incredibly expensive, and involves a much higher interest rate than using a credit card to go shopping.
Typically, you are charged two per cent of the cash amount taken out, or a minimum of £5, and interest starts clocking up immediately.
On average, the APR (annual percentage rate) is a crippling 30 per cent. It has shot up in recent years from just 21.2 per cent in 2005.
The report, from the price comparison website Uswitch.com, found soaring numbers of borrowers are relying on getting out cash in this 'emergency' method.
Read more...
The Illuminati Bankers must be rubbing their hands with glee !
Debt upon Debt upon Debt !!!!!
Mortgage Lenders Make A Mockery Of Master Plan To Unfreeze Market By Making Loans MORE Expensive
Banks turned the screw on the property market as the number of mortgages available became more expensive and increasingly harder to get hold of.
The moves make a mockery of the Government's master plan to unfreeze the mortgage market.
Northern Rock, the first bank to be nationalised earlier this year, pointedly ignored last week's emergency interest rate cut by the Bank of England.
Read more...
Take the money and then stiff it to the public who gave it to them.
What did you expect!
The moves make a mockery of the Government's master plan to unfreeze the mortgage market.
Northern Rock, the first bank to be nationalised earlier this year, pointedly ignored last week's emergency interest rate cut by the Bank of England.
Read more...
Take the money and then stiff it to the public who gave it to them.
What did you expect!
Friday, October 10, 2008
America Under Siege
The American public, composed of both citizens and consumers, is under attack on all fronts. This is being done by government directly, indirectly, and across the board in every aspect of our lives. What continues to go unnoticed is that the people of this country have the constitutional and right to be represented within this "government" that has become the blood-enemy of everyone that lives here. What the cabal has failed to credit is that
"Taxation without Representation is Tyranny"!
The methods being used by the owners, against the people, include secrecy, intimidation, blatant lies and their misrepresentations about everything that comes from the government concerning everything they say they are doing to correct any of the myriad failures that have brought this formerly successful nation to its metaphorical knees!
Read more...
"Taxation without Representation is Tyranny"!
The methods being used by the owners, against the people, include secrecy, intimidation, blatant lies and their misrepresentations about everything that comes from the government concerning everything they say they are doing to correct any of the myriad failures that have brought this formerly successful nation to its metaphorical knees!
Read more...
Bank of China buys into Rothschild bank
Bank of China Ltd. is buying a stake in French bank LCF Rothschild and says the two will develop private banking and asset-management services for China's newly rich.
China's fast-growing banking industry is eager to expand its foreign ties, and the latest deal announced late Thursday came despite industry turmoil following the failure of Wall Street house Lehman Brothers.
Bank of China said it will buy a 20 percent stake in La Compagnie Financiere Edmond de Rothschild for 236.3 million euros (US$340 million) and the two will develop private banking and asset-management services.
Read more...
China's fast-growing banking industry is eager to expand its foreign ties, and the latest deal announced late Thursday came despite industry turmoil following the failure of Wall Street house Lehman Brothers.
Bank of China said it will buy a 20 percent stake in La Compagnie Financiere Edmond de Rothschild for 236.3 million euros (US$340 million) and the two will develop private banking and asset-management services.
Read more...
Thursday, October 09, 2008
New World Order: Global Co-operation, Nationalisation And State Intervention - All In One Day
IT WAS a day of desperate global action, unprecedented in both scale and cost, intended to stymie the international devastation being wrought by the financial crisis.
As the London stock market steeled itself to open again following days of vicious battering, Alistair Darling, the Chancellor, rose to stake the future of the country and the Cabinet on an audacious £500 billion banking bail-out.And barely had the City begun to digest the hugely complex and unorthodox scheme when it was sent reeling again by an unscheduled interest rate cut – mirrored across the world – by the Monetary Policy Committee. It was the first such co-ordinated approach since the 9/11 terrorist attacks in 2001 – yet another indicator, had one been needed, of the gravity of the situation
Read more...
As the London stock market steeled itself to open again following days of vicious battering, Alistair Darling, the Chancellor, rose to stake the future of the country and the Cabinet on an audacious £500 billion banking bail-out.And barely had the City begun to digest the hugely complex and unorthodox scheme when it was sent reeling again by an unscheduled interest rate cut – mirrored across the world – by the Monetary Policy Committee. It was the first such co-ordinated approach since the 9/11 terrorist attacks in 2001 – yet another indicator, had one been needed, of the gravity of the situation
Read more...
Wednesday, October 08, 2008
Bosses Of Failed Insurance Firm AIG Went On Lavish £250,000 Trip - Days After £48bn Government Bail-Out
Bosses of an insurance giant bailed out with £48 billion of U.S. taxpayers' money went on a £250,000 retreat to a posh resort less than a week after the rescue, it has been revealed.
American International Group executives racked up a huge tab during the week-long getaway.
The bill included £13,000 worth of spa treatments for AIG employees at the Tuscan-themed St. Regis resort south of Los Angeles.
Read more...
American International Group executives racked up a huge tab during the week-long getaway.
The bill included £13,000 worth of spa treatments for AIG employees at the Tuscan-themed St. Regis resort south of Los Angeles.
Read more...
Tuesday, October 07, 2008
Council On Foreign Relations “Gamed” Economic Implosion in 2000
Back in 2000, before “everything changed,” the Council on Foreign Relations held a conference entitled “The Next Financial Crisis: Warning Signs, Damage Control and Impact” at its posh headquarters on Manhattan. “For two days, several speakers told a high-powered audience of 250 people, comprised largely of bankers, investors, corporation officials, and policymakers, mostly from the United States, but also from Europe, of the possibility that the U.S. stock market, and potentially the world financial system, would melt down,” Richard Freeman wrote in the July 28, 2000, issue of the Executive Intelligence Review.
At the time, the corporate media was heralding the alleged robust nature of the U.S. economy under Clinton, even as the so-called Dotcom bubble was deflating. Obviously, the CFR knew something very few other people knew or even vaguely gleamed — the global elite were in the preparatory stages of imploding the economy.
The CFR’s eight hour “war-game simulation of the simultaneous breakdown of major financial markets around the world” foresaw what we are now experiencing up close and personal. The CFR’s game closely paralleled what is going on now.
Read more...
More and more is coming out showing the whle thing was rehearsed and engineered as a false flag economic attack . WAKE UP!
At the time, the corporate media was heralding the alleged robust nature of the U.S. economy under Clinton, even as the so-called Dotcom bubble was deflating. Obviously, the CFR knew something very few other people knew or even vaguely gleamed — the global elite were in the preparatory stages of imploding the economy.
The CFR’s eight hour “war-game simulation of the simultaneous breakdown of major financial markets around the world” foresaw what we are now experiencing up close and personal. The CFR’s game closely paralleled what is going on now.
Read more...
More and more is coming out showing the whle thing was rehearsed and engineered as a false flag economic attack . WAKE UP!
Friday, October 03, 2008
Australia In For Rough Ride As Nightmare On Wall Street Continues Unabated
Australia could face a rough ride over the next few months after the financial meltdown in the United States, with local banks less likely to pass on in full any cuts to official interest rates and those nearing retirement age facing a devaluation of their nest eggs.
The local sharemarket closed 4.3 per cent lower yesterday, after falling to its worst level in almost three years and losing about $55billion in value.
AMP Capital Investors chief economist Shane Oliver said, ''For investors generally I think it is going to remain a fairly rough ride for some time to come.''
Australian stocks fell after US President George W. Bush failed to get approval from the US House of Representatives for a $US700billion ($A866 billion) Wall Street bail-out plan to support the nation's financial system.
The volatility in financial markets is expected to put pressure on the Reserve Bank of Australia to cut its official interest rate when it meets next Tuesday with markets now mulling over the chance of a 50 basis point cut.
Read more...
I think sometimes looking at all the media including the alternative media sources that no problems exist outside the US, The EU and the middle east! It's just as bad around the world and the Illuminatis Plans encompass whole world slavery and not just the Northern Hemisphere.
The local sharemarket closed 4.3 per cent lower yesterday, after falling to its worst level in almost three years and losing about $55billion in value.
AMP Capital Investors chief economist Shane Oliver said, ''For investors generally I think it is going to remain a fairly rough ride for some time to come.''
Australian stocks fell after US President George W. Bush failed to get approval from the US House of Representatives for a $US700billion ($A866 billion) Wall Street bail-out plan to support the nation's financial system.
The volatility in financial markets is expected to put pressure on the Reserve Bank of Australia to cut its official interest rate when it meets next Tuesday with markets now mulling over the chance of a 50 basis point cut.
Read more...
I think sometimes looking at all the media including the alternative media sources that no problems exist outside the US, The EU and the middle east! It's just as bad around the world and the Illuminatis Plans encompass whole world slavery and not just the Northern Hemisphere.
Thursday, October 02, 2008
The Bailout Wont Work and the System Will Implode
The Paulson Plan means you are going to eat it all, Paulson wants to keep the corrupt greed machine going, A Wall Street Bailout plan means you will pay for their mistakes, Administration trying to scare everyone into accepting bailout plan, Buyouts now like zombie marriages, derivative Death-Star on its way,
The name of the episode, appropriately enough, is "The Paulson Plan." The capsule for the episode reads as follows: Hanky Panky and Buck-Busting Ben decide to renovate the Goldilocks Matrix, giving it a major overhaul, and attempt to redefine the word: "fantasy." Indeed, The Paulson Plan, so-called, may be the most vivid product of a fertile imagination since "Alice in Wonderland" and "The Wizard of Oz," which quite frankly are more believable than the reasons given for the implementation of the "The Paulson Plan."
Oh, we must help the poor sheople by easing the credit-crunch so they can get more loans and get deeper into hock (like more loans is what they somehow need), and so their savings accounts and pensions plans can be saved as we hyperinflate the dollar. Oh, we are sooooo concerned about the welfare of the poor, helpless sheople! We have to save them from destroying themselves, because only we, the masters of the universe, know what is best for them. (Judy, get the barf-bag - quick!) You just don't understand. The corrupt, graft-laden, insider-trading-saturated, fraud-based, Ponzi-scheming system that we have used to rip you off and steal you blind for over a century must obviously be saved so we can keep screwing you ad infinitum. After all, isn't that what sheople are for, to be fleeced and sheered, fattened and slaughtered? You know your place. You are all bleating, ignorant sheople, so come lick our boots - and give us the damned money!!! Oh, there, there, now. We're sorry to take such an imperious tone with you. There, there, just give in to our demands like good little sheople and, in time, everything will turn out juuuuust fine --- NOT!
We know we have taxed you to death via the IRS and inflation of the money supply, we know we have manipulated all the markets and engaged in rampant insider-trading and loan fraud, thus stealing trillions of dollars of your hard-earned cash from you, we know we created Ponzi-scheme bubbles in dot.com stocks and real estate, we know we gave mortgages to people who could not afford homes in the first place, we know that we falsely rated stocks, bonds and derivatives and "cooked our books" to get you and our international friends to pay top dollar for crap, we know we lied to you about every economic statistic on the face of the planet, but, hey, we're all in this together now, and you have no alternative other than to accept our bailout plan (oh, let's call it a "rescue plan" instead) so thatyou can pay for all the economic carnage resulting from our debauchery.
And don't worry about any oversight when it comes to disbursing the piddling $700 billion, because it should be obvious, based on all the foregoing, that we can be trusted to handle the mere 700 billion as if it were -well - our own, which it will be if you approve the plan! Oh, but perhaps we should not mention that - you might construe that as some kind of silly old moral hazard, hahaha. And never mind that we told you we don't know if the plan will work, because we know it won't, but we didn't want to upset you any more than you already are. And have no concern that the 1.4 quadrillion dollar, roiling, boiling derivatives volcano is going to wipe out the entire world banking system with molten credit default swaps and interest rate swaps in a blaze of pyroclastic glory over the next several years, because, hey - we're working on it! And never mind that the problem is unsolvable. This is the United Goldilocks Matrix, where everything turns out juuuuust right!
Read more...
The name of the episode, appropriately enough, is "The Paulson Plan." The capsule for the episode reads as follows: Hanky Panky and Buck-Busting Ben decide to renovate the Goldilocks Matrix, giving it a major overhaul, and attempt to redefine the word: "fantasy." Indeed, The Paulson Plan, so-called, may be the most vivid product of a fertile imagination since "Alice in Wonderland" and "The Wizard of Oz," which quite frankly are more believable than the reasons given for the implementation of the "The Paulson Plan."
Oh, we must help the poor sheople by easing the credit-crunch so they can get more loans and get deeper into hock (like more loans is what they somehow need), and so their savings accounts and pensions plans can be saved as we hyperinflate the dollar. Oh, we are sooooo concerned about the welfare of the poor, helpless sheople! We have to save them from destroying themselves, because only we, the masters of the universe, know what is best for them. (Judy, get the barf-bag - quick!) You just don't understand. The corrupt, graft-laden, insider-trading-saturated, fraud-based, Ponzi-scheming system that we have used to rip you off and steal you blind for over a century must obviously be saved so we can keep screwing you ad infinitum. After all, isn't that what sheople are for, to be fleeced and sheered, fattened and slaughtered? You know your place. You are all bleating, ignorant sheople, so come lick our boots - and give us the damned money!!! Oh, there, there, now. We're sorry to take such an imperious tone with you. There, there, just give in to our demands like good little sheople and, in time, everything will turn out juuuuust fine --- NOT!
We know we have taxed you to death via the IRS and inflation of the money supply, we know we have manipulated all the markets and engaged in rampant insider-trading and loan fraud, thus stealing trillions of dollars of your hard-earned cash from you, we know we created Ponzi-scheme bubbles in dot.com stocks and real estate, we know we gave mortgages to people who could not afford homes in the first place, we know that we falsely rated stocks, bonds and derivatives and "cooked our books" to get you and our international friends to pay top dollar for crap, we know we lied to you about every economic statistic on the face of the planet, but, hey, we're all in this together now, and you have no alternative other than to accept our bailout plan (oh, let's call it a "rescue plan" instead) so thatyou can pay for all the economic carnage resulting from our debauchery.
And don't worry about any oversight when it comes to disbursing the piddling $700 billion, because it should be obvious, based on all the foregoing, that we can be trusted to handle the mere 700 billion as if it were -well - our own, which it will be if you approve the plan! Oh, but perhaps we should not mention that - you might construe that as some kind of silly old moral hazard, hahaha. And never mind that we told you we don't know if the plan will work, because we know it won't, but we didn't want to upset you any more than you already are. And have no concern that the 1.4 quadrillion dollar, roiling, boiling derivatives volcano is going to wipe out the entire world banking system with molten credit default swaps and interest rate swaps in a blaze of pyroclastic glory over the next several years, because, hey - we're working on it! And never mind that the problem is unsolvable. This is the United Goldilocks Matrix, where everything turns out juuuuust right!
Read more...
Bailout Passes Senate; 9 Reasons That's Bad News for You
This country faces many serious problems in the financial market, in the stock market, in our economy. We must act, but we must act in a way that improves the situation. We can do better than the legislation now before Congress.
This bill does not effectively address the issue of what the taxpayers of our country will actually own after they invest hundreds of billions of dollars in toxic assets. This bill does not effectively address the issue of oversight because the oversight board members have all been hand picked by the Bush administration. This bill does not effectively deal with the issue of foreclosures and addressing that very serious issue, which is impacting millions of low- and moderate-income Americans in the aggressive, effective way that we should be. This bill does not effectively deal with the issue of executive compensation and golden parachutes. Under this bill, the CEOs and the Wall Street insiders will still, with a little bit of imagination, continue to make out like bandits.
Read more...
This bill does not effectively address the issue of what the taxpayers of our country will actually own after they invest hundreds of billions of dollars in toxic assets. This bill does not effectively address the issue of oversight because the oversight board members have all been hand picked by the Bush administration. This bill does not effectively deal with the issue of foreclosures and addressing that very serious issue, which is impacting millions of low- and moderate-income Americans in the aggressive, effective way that we should be. This bill does not effectively deal with the issue of executive compensation and golden parachutes. Under this bill, the CEOs and the Wall Street insiders will still, with a little bit of imagination, continue to make out like bandits.
Read more...
Sunday, September 28, 2008
Credit Crunch Banker Leaps To His Death In Front Of Express Train
The City was in shock last night after the apparent suicide of a millionaire financier haunted by the pressures of dealing with the credit crunch.
Kirk Stephenson, who was married with an eight-year-old son, died in the path of a 100mph express train at Taplow railway station, Berkshire.
Mr Stephenson is believed to have taken his own life after succumbing to mounting personal pressures as the world’s financial markets went into meltdown.
Read more...
Kirk Stephenson, who was married with an eight-year-old son, died in the path of a 100mph express train at Taplow railway station, Berkshire.
Mr Stephenson is believed to have taken his own life after succumbing to mounting personal pressures as the world’s financial markets went into meltdown.
Read more...
Saturday, September 20, 2008
Thats Rich - Lady De Rothschild Calls Obama ' Elitist'
It’s the strongest signal yet from the global elite about who they want in the White House.Former Hillary Clinton backer Lynn Forester de Rothschild (right) threw her support behind Republican U.S. presidential candidate John McCain today, after calling Democratic candidate Barack Obama an “elitist.”
That’s got to be a first for a Rothschild, unless there is a “down-to-earth” member of the family I haven’t heard about
Friday, September 19, 2008
Ron Paul Blasts “Secret Government” Running Economy
Congressman Ron Paul has issued a stinging address concerning the financial crisis in which he outlines how the current economic problems, created via malinvestment and shift to a debt based economy, are now being mismanaged by private interests in secret.
What’s more he says he is not sure the Federal Reserve has any idea what to do next and that the Congress is totally oblivious to the whole sorry state of affairs - a cocktail of elements he warns puts the middle class of America in serious jeopardy.
“Today we had a lot of financial fireworks in the markets, a lot of things are going on, and I think we are in the middle of something very big.” the Congressman stated.
Speaking on the recent collapse and government bailout of several big financial institutions he warned:
“We’re talking about big bucks, we’re not talking about hundreds of millions or even hundreds of billions, we’re talking about trillions of dollars, the obligation is immeasurable.”
Read more...
What’s more he says he is not sure the Federal Reserve has any idea what to do next and that the Congress is totally oblivious to the whole sorry state of affairs - a cocktail of elements he warns puts the middle class of America in serious jeopardy.
“Today we had a lot of financial fireworks in the markets, a lot of things are going on, and I think we are in the middle of something very big.” the Congressman stated.
Speaking on the recent collapse and government bailout of several big financial institutions he warned:
“We’re talking about big bucks, we’re not talking about hundreds of millions or even hundreds of billions, we’re talking about trillions of dollars, the obligation is immeasurable.”
Read more...
Tuesday, September 16, 2008
The monarchs of money have been exposed as arrogant fools. Now we are all paying the price for their hubris
For decades, we have worshipped at the shrine of gold. Prime ministers and presidents have bowed before its keepers. The monarchs of cash, arbiters of wealth, supposed founts of all wisdom, have bestridden Europe and the United States, humbling all in their path.
Investment bankers, hedge fund managers, private equity bosses have strutted in their huge townhouses, tossed away thousands at charity auctions, held court at polo matches and racecourses, launched fleets of yachts and squadrons of Lear jets in a fashion which many of history's dictators would have envied.
Today, we awaken to discover that like so many wizards of Oz, these supremely confident figures are in reality foolish old men - and some young ones - mouthing hollow incantations from behind curtains.
Their universe is crumbling. They rule from the summits of glass towers, but now many can scarcely afford the rents. Markets are tumbling, currencies trembling, great companies begging for lifelines.
The money men have made fools of us. In the years of their dominance, they insisted that the markets were the highest judges and must be left free to rule. Now that the markets signal their downfall, they are running sobbing to governments and taxpayers, begging for our money to save them from the poorhouse.
Read more...
Investment bankers, hedge fund managers, private equity bosses have strutted in their huge townhouses, tossed away thousands at charity auctions, held court at polo matches and racecourses, launched fleets of yachts and squadrons of Lear jets in a fashion which many of history's dictators would have envied.
Today, we awaken to discover that like so many wizards of Oz, these supremely confident figures are in reality foolish old men - and some young ones - mouthing hollow incantations from behind curtains.
Their universe is crumbling. They rule from the summits of glass towers, but now many can scarcely afford the rents. Markets are tumbling, currencies trembling, great companies begging for lifelines.
The money men have made fools of us. In the years of their dominance, they insisted that the markets were the highest judges and must be left free to rule. Now that the markets signal their downfall, they are running sobbing to governments and taxpayers, begging for our money to save them from the poorhouse.
Read more...
Monday, August 04, 2008
The Money Myth Exploded
This one of the most wonderful explanations of how the Zionist bankers have had us all fooled. Easy to understand and if you are trying to get the message over this is a must.
Sunday, August 03, 2008
Royal Bank of Scotland poised for biggest loss in UK banking history
THE Royal Bank of Scotland is poised to unveil the biggest loss in UK banking history after taking a hit of almost £6 billion from the credit crisis.Britain’s second-largest bank is this week expected to reveal a pre-tax loss of at least £1 billion for the first six months of the year, with analysts warning it could slide to as much as £1.7 billion in the red.
The loss would be roughly five times higher than the deficit racked up by Barclays in 1992 at the height of the last recession.
RBS chairman Sir Tom McKillop is already under pressure from investors after the bank’s recent £12 billion rights issue. His chief executive, Sir Fred Goodwin, who marks 10 years at the bank this weekend, also faces shareholder scrutiny.
Read more...
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