With what keeps coming out of the cupboard Fred Goodwin must have had nerves of steel. Wonder if he sleeps well.
Not a major issue .. we have been here so many times... The whatever will be paid and resolved , and off we go again... and wait for the next one to emerge Cannot believe this is the final problem and no more will be forthcoming .... I am waiting for any takeover speculations to start when sold off.... As we all know nothing is certain ... But anything is possible today... Weather very hot today .. hottest this year...even after last nights firework display of thunder and lightning .. Have good weekend all...
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 .
Re Massive Fine
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
Stagecoach ...jings ..All
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... See what next week brings.. GLA...
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