Bank of Scotland to get Billions from Bailout

THE ROYAL Bank of Scotland is to be one of the biggest beneficiaries of the planned $700 billion bail-out that comes courtesy of the American tax-payer if the US Congress gives the financial rescue package the go-ahead this weekend.

The bank’s share of the bail-out will enable RBS to offload billions of dollars of questionable assets. See article:

As Ron Paul has said, with the US holding the reserve currency of the world, we’ve exported and magnified our economic blunders. It is mind-boggling to attempt to see the magnitude of this deck of cards. Seeing that we are trying to again export dollars as bandaids in this bailout, it is painful to think of the lengths to which our treasury may try to go to make us pay for it.

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