Yay for finance!

[andrewducker]

The Royal Bank of Scotland has assets of £2trillion. And you own 58% of it! Well, the government does, which means you own a tiny fraction of that. Pat yourself on the back for the £150-odd you own of RBS shares!

And then you can worry about the £1.9 trillion of debt that was taken on along with it.

That's 140% of British GDP.

And that was only the first bank that the government bought up chunks of.

Huzzah!

(Edit: Sorry, third bank, Bradford & Bingley and Northern Rock are already on the books)

More info here.

Comments

[fire-sermon.livejournal.com]

fah.

[rhythmaning.livejournal.com]

*scary*

[robhu.livejournal.com]

How do I redeem my shares?

[fannymagnate.livejournal.com]

You work hard to redeem the debts you have incurred by being lucky enough to have been born in the UK (as opposed to Rwanda or Texas or somewhere less civilised like that)?

Just saying.

[henriksdal.livejournal.com]

"Dear Mr Darling, I would like to sell my £150ish of RBS as I would like the money to buy food and pay for some heating. Lots of love, Sarah"