Laughed out loud as I read on Yahoo that RBS had 'upgraded' banks and said they were all going to make a profit.
This coming for the world's most stupid bank-they are utter utter morons in my opinion, and even the directors are as ignorant as that variety of 'flu that is no longer a serious threat! Too stupid to understand options.
They are not even mental midgets, they are intellectual vacuums.
So when the horse's backside says something you have to take the opposite view. Caveat- Brown is owned by the banks and will now and forever more do their bidding, so RBS's particular piece of genius comes on the back of a banking sector that is positively foaming at the mouth with all that delicious cash. Obama of course is also the stooge of the US banks and his boy Geithner is in a spot of bother over some 'plain brown envelopes' I understand.(Allegedly)
Trading is one thing, but our own dignity is another matter and I feel that the banks have repeatedly raped the British public- maybe it's the same for the US, and still there is no whisper of punishment for their evil doings. Me and Taleb are mad as hell about it!
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