Friday, June 18, 2010

RBS and the European Union

I'm no financial wizard, ask my bank manager, but I did get an Economics 'O' level. Having said that I've about as much idea how to run a country's economy as Gordon Brown, in other words zilch. For example when the banks were going tits up why didn't we just let them go and just leave the healthy ones to survive?

Now we have the European Union bossing us about, never a good thing. They have told the government, meaning us as it is the taxpayers who own RBS, that we must sell off over 300 branches to be fair to our competitors.

What next? When Manchester United next play in Europe will they have to sell half their squad to the opposition to give them a fair chance? It doesn't make sense to me.

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