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Reply #45: Repeating a lie, isn't going to make it any truer [View All]

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Home » Discuss » Places » United Kingdom Donate to DU
MichaelMcGuire Donating Member (240 posts) Send PM | Profile | Ignore Sun Dec-04-11 10:06 AM
Response to Reply #12
45. Repeating a lie, isn't going to make it any truer
We both agreed that RBS is in Edinburgh so..
I look at your wiki link to see if it pointed out to "The British government bailed it ENTIRE world wide operation" and I couldn't find it, not surprisingly.

I simple google would show... Federal Reserve bailed out US operations linked to RBS.

http://www.heraldscotland.com/rbs-will-get-billions-in-us-bail-out-of-economy-1.826927

Also to highlight where governments have borrowed to bailout what operations that are within their borders. France, The Netherlands,Belgium and Luxembourg did joined forces to bailout Fortis and Dexia Banks.

RBS got most of its losses from operations out of London.

Only about 10% of RBS operations are in Scotland. Even with Scotland bailing out that 10% of RBS, it would be unthinkable that England would let 90% of RBS (a private company) English operations go to the wall resulting in damaging its economy.

HBOS operational head quarters are in Halifax they also have to share the blame.


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