Hi mate , no disrespect but I think you may have misread those figures . At present HMG hold about 73% of the issued shares , these aren't being traded. That leaves just over 3 billion that are . 600 million would be around 20% of traded shares , can't see anyone holding that amount .
I completely agree with you, they were to blame and if it weren't for the fact that the consequences get passed down the line I would , as Healy is reported to have said , squeeze them til the pips squeak .Despite owning bank shares I'm of the opinion that radical banking reform is long overdue . Would it damage the SP ? Not sure that it would , certainly didn't hurt it in the past .
Fair enough. I thought about it last night; I guess that any attempt to levy more cash from the banks will generally result in higher charges for the customers of banks. Generally though, we, as investors, take a punt on the likelihood that either a company will make profit or that the price will vary sufficiently that trading profits can be made. Part of the punt is an assessment of the political risk inherent in the economic and financial circumstances of the company. For RBS, those circumstances include assuming lots of the blame for the financial collapse of 2008-09 and it is naive to think that the government will not seek to recoup some of the cash it paid out. To boot, there is political capital to be made by governments that are seen to be doing so.
Generally speaking I would agree with that , unfortunately due to the monitory system the banks and financial institutions have worked so hard to create ,the more we spank them the more the majority feel the pain . Morally wrong , no doubt , politically difficult to change ,no doubt , but with the millions being spent lobbying against change it's unlikely to happen to any great extent any time soon . .........more's the pity .
Let's face it Check, the banks are responsible for the mess we are all in. It is morally and politically right to extract as much cash as possible. It is unfortunate that we hold shares in these organisations but frankly, the government has no prerogative to spare the rod in order to help us out. The alternative, as we are seeing, is that in order to pay for the apocalyptic economic destruction that the banks in their hubris have wrought, the most disadvantaged in society bear the greatest burden of the cuts to government spending. Spank them hard I say.
The Treasury will be unable to sell a second chunk of RBS shares until the Bank of England's stress test results are published on December 1, But Look at the price 29/30p ish it's a JOKE keep spanking the Bank's Mr. Osborne along with the GREEDY US regulators , this is going to take a BIG BOOT UP the backside to get this to jump up. Feel so sorry for some of the long holders of RBS . But it maybe at a bottom point so this should bring out some BUYERS ,,,,,as long as long as leaders don't start fighting in the playground and in the sky with BIG BOY TOYS with jets ,guns tanks,or and bombers blowing themselves up as a spear time hobby's.....OHHHH were is the £12 Billion military pledge going to come from lets spank the BANK'S
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