Thursday, February 26, 2009

Feel free to copy, there is no copyright on an Anoneumouse montage. (click on image to enlarge)

Fourth Plinth

Royal Bank of Scotland has suffered the biggest loss in British corporate history and revealed that it would need to sell up to £19.5bn new shares to the taxpayer to insure £300bn of its most toxic assets.

The figures from RBS show a loss of £40bn, It largely comprises £7.8bn of trading losses and £16.8bn of writedowns caused by paying too much for acquisitions.


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