I've just heard Gordon Brown say what a mistake it was for RBS to take over ABN Amro, saying that it cost £80 billion, and now RBS is worth £10 billion. He says that obviously due diligence wasn't done properly.
For RBS read LLoyds, for ABN Amro read HBOS and the situation is the same. Who was it who pushed through this merger? Gordon Brown, and the complaints have been about a lack of due diligence. The man has no shame.
Squiffy.
Wednesday, 25 March 2009
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