The RBS Report Comes Out Tomorrow? When Do You Think That RBS Will Make A Profit For The Taxpayer?

I suspect that it, like Northern Rock, will be sold at a loss to the UK Taxpayers.

As the years go on and the likelihood that it may never turn a profit, the UK government will cut their losses and run and then increase taxes on the ordinary worker to offset the losses incurred.

What is interesting is that the FSA, in their own report, will criticise their own role as inadequate and deficient in the build up to the bank failing. It appears that their own staff lacked the skills necessary to oversee and notice the mounting pressure, which lead to its failure.

Of the 10 large banks they had to oversee as a regulator by the end of the banking crisis, only 5 banks remained!!

Is there a lesson to be learnt here for other government formed regulators, who appear to be all hot air and absolutely no bite!

Eventually!

I lean towards a more postive angle of the argument.The coalition see RBS and Lloyds as their flagship "share owning democracy"of the millennium like Mrs Thatcher viewed the massive programme of Government privatisations during her reign. I believe that they would wait to make a profit until 2014 or even in election year 2015, then give millions back in tax cuts.