Twist or Bust

Well well well…..RBS upping sticks! Good news for Scotland then… All these scare stories of how would an Independent Scotland manage to bail out the banks made by Westminster, really hit the buffers….Its their baby now…..they had best hope there is not another banking crisis!! RBS has been state owned for some time now, and is still limping along like an injured beast….

Standard and Poors last year gave an Independent Scotland the thumbs up with a top credit rating, but in the process said “should banks leave it
could bring benefits in terms of reducing the size of the Scottish economy’s external balance sheet, normalizing the size
of its financial sector, and reducing contingent liabilities for the state. ”

In effect, we would not have their humungous liabilities to contend with or account for.. They already do over 90% of their commercial banking in London, so let them keep them..

If anyone after 2008 trusts the Banks to run the country, and serve our interests, they must be gullible to the extreme…

Meanwhile the love bombing and threats frantically continue to be thrown at us, it is akin to having an abusive and needy estranged spouse stalking us.

As RBS and the Llloyds owned HBOS do a runner with their brass plaques, normal services will continue with branches and staffing for us ordinary folks, it will have zero impact on us.

It has been many a long year since these banks could be called Scottish in any case, so yes take your huge debts and brass plaques, and don’t leave the door open behind you!

About auldacquaintance

I am not a member of any political party. I am however a strong supporter of Scots Independence. Any views which I express in this Blog are purely my own. This Blog intends to be a place where I will be putting my views on Scots Independence. It will primarily concern itself with the upcoming Referendum In Scotland. However It will also be somewhat diverse in the range of day to day issues which are evident to me in modern day Scotland. Not all of it will be political, and indeed may take me off into avenues I am not even aware of yet. Please come and join in on this journey, and any comments are welcome provided they are not abusive! All the best from a new acquaintance! Rod
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3 Responses to Twist or Bust

  1. Drew McMorrin says:

    Yep Rod and they are welcome to them. Very little will change in Scotland by way of jobs. I did work as a manager in the Bank of Scotland which is Lloyds now. Just remember Gordon Brown bounced Lloyds into rescuing them.
    Good analysis

  2. Very god Rod,but we know they wont move they will just rent an office (from themselves) and make that the registered head office until Westminster votes to leave the EU then its all back home.Then the next part is more offices will come to Scotland as registered head offices to get into the EU.Perhaps even car manufactures will shift here so they can sell to Europe,and what will happen to the TTIP deal with the EU and North America,they will be ousted from that as well.Maybe I’m just dreaming though.

  3. JimnArlene says:

    Not so much of a scare story, more of a positive; as you have pointed out.

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