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UK.gov will turn a profit on RBS. RBS is not a loss.
by Spearchucker 12y ago
UK.gov will turn a profit on RBS. RBS is not a loss.
- zo1 12y agoGetting the government to bail out your failing business? Sounds like a big win for the business. *Note. I don't know the details of the RBS issue in the UK. Just commenting on a simple interpretation.
- tedunangst 12y agoIf a business wins, is it then implied that the government must lose?
- zo1 12y agoDepends on quite a lot of details. But just by itself? Of course not. Though I wouldn't say it's the pinnacle of a voluntary transaction on both sides. I'd also say that other business lose, in an indirect way. As well as the individuals that are now lured into transacting with a business that has failed or is more likely to fail in the future due to past performance.