Nov. 28th, 2008

andrewducker: (Default)
andrewducker: (running lego man)
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.

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