Thanks for that, £13 billion would have caused a bit of a delay in the recovery process . Could be wrong but I think RBMS certificates decrease in value over time , might still be a substantial hit ? Hopefully not .
I beleive that the action is for restitution (as with the joint case with Nomura which a court has alreadt ruled on) and therefore any payout is not a fine.
While this may seem to be an academic distinction it does make a big difference.
If it were a fine then the whole amount of the court order/settlement would hit the profit and loss account. However as this is restitution then the FHFA will have to hand back the RBMS Certificates to RBS.
While the Certificates are certainly not worth what Fanny Mae and Freddie Mac originally paid for them, they are still valuable so the impact to RBS will be the difference between the payout and current worth of the certificates
In my case It has been a self learning curve ..started around 5 years ago and with fine tuning have hit on the way I do invest. Now ...
Yes I was a bit greedy on my first couple of investments and patience was a bit lacking ...sometimes self taught can be more gratifying even with a few mistakes along the way ... Mistakes can never be completely avoided and most are miss timing of buying in at the right level during a drop ... Selling is easier by waiting for the rise back up to a level that gives an exceptable medium profit.... 15p rise is reasonable and more achievable more often.. ..
With no rules of what the market will do or when.. One just waits for any opportunity to create its self .. And make the best of it...even just one reasonable profit deal is better than having the same money in a bank savings account for a year. .. So three reasonable profit deals in a year is a nice self achievement and reward ... Profit is the goal at a pace the market decides for you...
Its been a good few days for investors who have day traded the troughs and peaks of the RBS share price this week. There is nothing like volatility and uncertainty in the stock market for those investors who are willing to take the risk through kowledge skill timing common sense and good old fashiond luck in some cases although i do not recommend the latter to others only myself, it can be quite rewarding. I share Mailmans philosophy once you have masterd the three most important diciplines to investing Greed Fear and Patience and you keep faith with your investment stratgedy or plan making money in a none paying dividend company like RBS or any other company can become relatively easy. Please remember any investment opportunity you missed today will come again tommorrow thats for certain Good Luck.
watch out for some information when i post and keep adding to it if you know what i mean,,,,,,,,,,,,, not been out this week too involved with the new travel business,,,,,,,,,,,,,,, hahahahah,,,,,,,,,, C10987654321
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