Monday, 13 October 2008

EU Clobbers Europe's Banks And Itself

click here to go to the blogAs the dust settles on the 'British' bank recapitalisation programme just announced, it becomes more and more obvious that the banks have not been recapitalised but clobbered. Take The Royal Bank of Scotland (RBS) for example. Its current shareholding will shrink to 43% from 100% of the company's equity overnight. In addition to that the insistence by Brown ...

Posted on The Tap Blog