Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: neverdem
In 2008, the Royal Bank of Scotland received $84.5 billion As a beneficiary of an interest free RBS student loan I have no ability to repay, I raise a glass of whisky to the fine and perplexingly generous taxpayers of America.
2 posted on 08/28/2011 6:21:07 PM PDT by skintight buffoonery
[ Post Reply | Private Reply | To 1 | View Replies ]


To: skintight buffoonery

The Fed bailed them out because the Fed, The U.S. Government, and U.S. banks promised everyone who bought the toxic mortgage securities that they were sound and were backed by the full faith and credit of the United States.

We sold them a load of crap and almost tanked many more economies beyond our own. That is a fact.

That is why the Fed tried to keep their bailouts secret. They claimed it was to prevent runs on foreign banks but most of all it’s because the same clowns in charge now were in charge then and they sold them beachfront property in Nevada.


4 posted on 08/28/2011 7:44:03 PM PDT by volunbeer (Keep the dope, we'll make the change in 2012!)
[ Post Reply | Private Reply | To 2 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson