Apparently 9 mill gets you a top notch high flying bankster- I sincerely hope he's not of the same calibre as the lamentable bunch of imbeciles who were running things under Sir Fred- most of them lost their own shirt because they are too stupid to know how to hedge their own stock-allegedly.
The business model for a bank is the same as a charity shop-your stock is not only donated for free, it is delivered free of charge to your premises. Even the worst run charity shops make a profit, so banksters might want to go away and have a big think about things. I hope RBS will recover- they have our money after all, and it'd be nice to get it back-with extortionate interest and default charges of course.
I hear Natwest will open a new account for anyone with a detectable pulse!
No obvious trades today as I think the US might fall further once europe closes, so tuesday is possibly going to throw up a trade or two- possibly a combo selling very far otm puts to buy some calls.
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