Interesting Fact - Banking
According to a watchdog report the great bank bailout for banks in the UK has hit 850 billion pounds.
(This involved buying shares, underwriting debts and lending money to banks including Royal Bank of Scotland (RBS) and Lloyds Banking Group (LBG) during the crisis. Northern Rock was nationalised outright. Now LBG is 43-percent owned by the taxpayer while RBS, ravaged by the credit crunch and the takeover of Dutch giant ABN Amro at the top of the market, is set to become 84 percent state-owned after the latest bailout. From a nation of shopkeepers, to a nation of bankers.)
(This involved buying shares, underwriting debts and lending money to banks including Royal Bank of Scotland (RBS) and Lloyds Banking Group (LBG) during the crisis. Northern Rock was nationalised outright. Now LBG is 43-percent owned by the taxpayer while RBS, ravaged by the credit crunch and the takeover of Dutch giant ABN Amro at the top of the market, is set to become 84 percent state-owned after the latest bailout. From a nation of shopkeepers, to a nation of bankers.)