Royal Bank of Scotland Collapses as Crisis Expands to Europe

[FrankRep]

Darkest day for Scottish banking as the Bank of Scotland faces its end

Scotsman
Sept. 18, 2008

http://news.scotsman.com/latestnews/-Darkest-day-for-Scottish.4503252.jp



Flashback:


Royal Bank of Scotland: prepare for global stock and credit crash

Telegraph UK
June 18, 2008

http://www.ronpaulforums.com/showthread.php?t=143502

 

[Crash Martinez]

Um, Wow.

Is this one of the Central Banks in on the $250B deal from last night?? I guess not... Still, I don't see how Wall Street could be happy about this (DOW up 30pts at present writing). With all the same practices indicating a harbinger for the Fed, how stupid do investors have to be to fail to see its imminent collapse (along with the collapse of Federal Reserve Notes)?

 

[MsDoodahs]

Less talk...more action....



Up is down and down is up.

 

[HOLLYWOOD]

Yeah... I was watching RBS the last 2 days... they're NUKED NEXT!

THink of the hidden debt of the massive Derivitives of these banks...

WaMu has $143 BILLION in S&L deposits/assets in the Vaults, YET, they STILL CANNOT get a Buyer.

It just shows you the MASSIVE hidden DEBT these Banks all hold.

Super Inflated: double digit % increases in real estate prices OVER the under reported inflation rates for the past 25 YEARS.

There's a lot of Painful leveling-out in balancing to come.

 

[angelatc]

Um, Wow.

Is this one of the Central Banks in on the $250B deal from last night?? I guess not... Still, I don't see how Wall Street could be happy about this (DOW up 30pts at present writing). With all the same practices indicating a harbinger for the Fed, how stupid do investors have to be to fail to see its imminent collapse (along with the collapse of Federal Reserve Notes)?

NO, the 5 banks were European Central Bank, the Swiss National Bank, the Bank of Japan, Bank of England and Bank of Canada.

 

[Pete]

Fook, I bank with these guys. RBS Citizens.

 

[FrankRep]

Flashback:


Royal Bank of Scotland: prepare for global stock and credit crash

Telegraph UK
June 18, 2008

http://www.ronpaulforums.com/showthread.php?t=143502