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RBS will get 'billions' in US bail-out of economy

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posted on Sep, 28 2008 @ 07:43 PM
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RBS will get


www.sundayherald.com

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.

(visit the link for the full news article)



[edit on 28-9-2008 by ModernAcademia]




posted on Sep, 28 2008 @ 07:43 PM
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As someone said this will have widespread effect


Can someone do me the favor of telling me how the bailout effects people who will be looking for student loans, mortgages, car loans and so on. Does this help them or hurt them specifically more or not?

I was talking to someone in the U.S. and he gave me these concerns.

www.sundayherald.com
(visit the link for the full news article)

[edit on 28-9-2008 by ModernAcademia]



 
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