RBS sell off

So let me get this right we helped bail out the banks with tax payers money and now the Tories are selling of nearly 8% of the stake at a 2 billion loss.

Surely this isnt acting in our interests as the tax payer.

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SW-User

At a loss as to why they feel they have to sell?

Problem is as a bank it continues to fail

Now the govt own now 83% of RBS after the bailouts - so you lose £2.1billon on selling 7.7% of that... I make that a £22.6billion overall loss!

Staggering - how was this bank not declared broke and gone to the wall. Surely bailing out all the personal savings via the FCCS would have been far less dumb

malizz · 70-79, M

@SW-User Tory dogma.

SW-User

@malizz true though to be fair it was bailed out by Gordon Brown. He should just have totally nationalised it and be done with it but I presume the EU would have been unhappy. Then they should have just sold bits off as they could - break it up and flog it on or refloat it.

But personally - it's been badly run for years so should just have been left to go to the wall.