Wednesday, December 15, 2010

Incompetence at RBS and the Government

According to the papers it seems that NO ONE knows where the money for the RBS bailout has gone and neither is anyone accountable!
So facts time:
1.The UK tax payer, paid at least STG 10 bln to Scottish bank to stop it going bust
2.Sir Fred Goodwin was the Prime Ministers favourite banker. The Prime Minister is scottish
3.Sir Fred Goodwin walked away with millions of pounds and wasn't accountable at all
4.RBS did NOT need to buy ABNAMRO a failing bank
5.FSA approved the purchase knowing the ABNAMRO was in trouble
6.The FSA will not release any information on the bail out for RBS
7.The government and the authorities say that they will NOT release details of the bail out because it's too complicated for NORMAL people to understand

Now of course the last comment means that they have no idea where the money went and don't want to appear incompetent. We have seen this all before. It's a Labour and Government issue as well as the FSA, as none of them have a clue. How they can call themselves finnancial people, advisors etc I don't know. My Mum knew more about finances than they do.

And yet here we are December 2010, with RBS spending hundreds of thousands of pounds of our money as tax payers and yet still NO comment about when and how we will get it back!!!

The CommonSense party UK says sack the lot and bring in NORMAL people!!!

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