david mcgee Posted May 12, 2008 Share Posted May 12, 2008 As i wouldnt know how to post a link i will retype the Edinburgh Evening News article. " US Probe into RBS exposure" "RBS is being investigated by the US Securities and Exchange Commision over its exposure to American sub-prime mortgages. Details of the probe are buried in the Edinburgh Headquarters Banks prospectus for its imminent ?12 billion rights issue, which is to be put to a vote by shareholders this week. The inquiry which started in March is looking at RBS interests in securities backed by sub prime home loans, as well as residential mortgages written by American subsidiaries." Before signing up for the rights issue, ask yourself a few questions. Would RBS be keen to lend you money right now without guarantees? Why would they be gallas enough to ask for your hard earned with no guarantees? Why has this probe to quote the EEN been "buried", when it started in March? I smell tuna. Link to comment Share on other sites More sharing options...
wibble Posted May 13, 2008 Share Posted May 13, 2008 Cue onslaught of abuse from RBS shareholders petrified that you undermine their "investment". RBS have been a little too ambitious the last decade methinks. Link to comment Share on other sites More sharing options...
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