The UK's largest state owned bank - the Royal Bank of Scotland - generously announced that it will at least six months before foreclosing on delinquent mortgages. A few simple questions; is this a political or commercial decision? Will this initiative be in the best interests of the shareholders or the government?
Actually, that last question is a silly one. The government are the shareholders. And what is good for Zanulabour is good for Britain.
Monday, December 1, 2008
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