It’ll be interesting to see exactly what it is they bought.
Obviously the all the _____ that Barclays didn’t want......
Im guessing its a great deal for the tax payers (no sarcasm) if this is as written. A loan is not a purchase so in essence we get the company for the cost of the loan. This is a company with over 1B in revenue and will turn around IMHO. I’m not condoning this so much as commenting that this may not be the usual ‘costing the taxpayers’ mantra we are used to.
A bunch of hurricane Ike claims.