bnbg, page-30

Dogby,

>No it means there is negative value. What part of "negative" do you not understand ?

Let me explain to you the concept of a limited liability company ... no, I think not

Perhaps I should introduce the phase "technically insolvent" ... no, too difficult

I know, I should just leave you to mull over the following quote from a recent RBS report.

QUOTE (Royal Bank of Scotland report - 16/1/09)
... on a fully mark-to-market basis, all the UK domestic banks are already technically insolvent.

Given this, does this mean you would predict the complete collapse of the UK domestic banking sector? If not, why not?