They are one of the only Brit Banks NOT to take govt. money, and they recently floated an $18 billion rights issue, as well as selling a couple pieces of prime real estate for $4 billion.
Apparently they thinking of acquisitions in Asia...?
Cheers!
I’ve been reading Jim Willie for the last 6 months. He offers a shocking amount of detail in his free articles, makes me wonder what kind of info is in his paid newsletter.
A recent interview: http://www.youtube.com/watch?v=dKbGc_wluPw&feature=related
You mean the bid-to-cover ratio was only 2.05? Why is that a problem?
Though there will be rumblings, any devaluation would be very swift where one goes to the bank the morning and finds them on holiday
Since the US does not fix the dollar against any currency or commodity, how does he imagine the government would suddenly change the (nonexistent) peg?
And why would there be a bank holiday?
This post is not meant to spook anybody
LOL! Or give anybody any useful information.