George Osborne MP

[newcomer01 10]

On the news ,the comments from George Osborne MP about selling off the the Government shares in the RBS at a loss.He feels it is the right thing to do , and maintains that the share purchase was nothing to do with him ,but it is right for the country.

Even though it is the right time(so he says) ,even selling at a loss.

Had the Conservatives been in power at the time of the banking disaster.Any ideas what the Tories would have done?,and how would they have dealt with the situation.

[Timeh 10]

Same as labour did probably.

[loraward 10]

The chancellor revealed that he had been advised by Mark Carney, Bank of England governor, that it was “in the public interest for the government to begin now to return RBS to private ownership”.

 

Sometimes selling at a loss is the right thing to do, and Mark Carney is better placed than I am to determine when the time is right. Maybe he thinks the share price will fall, or he doesn't think its going to rise significantly over the next few years.

[Berberis 10]

On the news ,the comments from George Osborne MP about selling off the the Government shares in the RBS at a loss.He feels it is the right thing to do , and maintains that the share purchase was nothing to do with him ,but it is right for the country.

Even though it is the right time(so he says) ,even selling at a loss.

Had the Conservatives been in power at the time of the banking disaster.Any ideas what the Tories would have done?,and how would they have dealt with the situation.

 

The money used was to save RBS, not an investment. It was never meant as a profit making scheme and is subject to the banks value. You can't expect people to pay more then the bank is worth for the shares.

 

You need to remember who personally OK'ed the RBS merger against the wishes of the regulator that created a bank that was too big to fail and who subsequently was forced to pump public money into the bank when it was near collapse.

 

If you want someone to blame, blame Gordon Brown.

[RonJeremy 10]

The money used was to save RBS, not an investment. It was never meant as a profit making scheme and is subject to the banks value. You can't expect people to pay more then the bank is worth for the shares.

 

You need to remember who personally OK'ed the RBS merger against the wishes of the regulator that created a bank that was too big to fail and who subsequently was forced to pump public money into the bank when it was near collapse.

 

If you want someone to blame, blame Gordon Brown.

 

We sure do.

[El Cid 214]

The money used was to save RBS, not an investment.

 

The reason for the sale now, is because the Government have been told by the EU that state support of a private company must stop by 2016.

[ted77 10]

Why not buy the rest and run it as a national bank so it was run for the good of businesses and people instead of shareholders. The profits could be used by the government and the bank bonuses could be controled

[geared 303]

Why not buy the rest and run it as a national bank so it was run for the good of businesses and people instead of shareholders. The profits could be used by the government and the bank bonuses could be controled

 

Isn't it's massive size and therefore the massive cost that would mean kinda stopping that???

 

The reason for the sale now, is because the Government have been told by the EU that state support of a private company must stop by 2016.

 

If it's that simple then why all the hoo-haa???

[El Cid 214]

 

If it's that simple then why all the hoo-haa???

 

I guess so, but I guess they can now disassociate themselves from the bankers.

[lily may 10]

We sure do.

 

I blame George too.

[Anna B 1,401]

I blame George too.

 

The bank had to be saved. George Brown did what was necessary. He didn't have a choice.

 

George Osborne, however, is to sell at an estimated £7 Billion loss. He does have a choice. Surely he isn't forced to sell at this time.

The sale was recommended by a treasury commissioned report from merchant bank Rothschilds.

I suspect someone is going to get extremely rich from this, and it won't be us....

Edited June 11, 2015 by Anna B

[Berberis 10]

The bank had to be saved. George Brown did what was necessary. He didn't have a choice.

 

Why didn't he have a choice? Because it was too big to fail.

 

Why was RBS too big to fail, because Gordon Brown preferred light touch regulation that gave the banks a free reign.

 

Brown blamed for RBS collapse

http://www.thesundaytimes.co.uk/sto/business/Finance/article839665.ece

 

Then Brown and Darling told the UK public the deal would benefit the UK Tax payer!