Tuesday, October 7, 2008
Can somebody put RBS out of its misery
We have seen this movie before.
It starts with a sliding share prices, some poor results and over-exposure in a deadbeat market. The rumours start, first as a whisper and then grow into a deafening roar. The end approaches when the share price falling off a cliff. Then, we know we are only days away disaster.
The RBS share price is down 40 percent today. All it takes is one lazy teller in one branch and a queue outside a bank branch and RBS will be history.
Somebody needs to do something before it is too late.
Labels:
inflation,
interest rates,
money,
UK banking,
UK economy
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