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Wednesday, November 04, 2009

RBS Slips Deeper Into The Mire III

It would seem that, despite being given a further £33.5BN of taxpayers' money yesterday, the Royal Bank of Scotland may in fact sink even further into the mire.

Alistair Darling warned that this wreck of a bank may in fact need more taxpayer funds, estimated at being at least £8BN, at some stage in the not too distant future.

The taxpayer now owns 84% of this wreck.

Why are some of the senior management who destroyed this once proud bank still in situ?

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