Its quite bizarre. They just bought themselves a massive liability and now intend to pursue those not fortunate enough to have just been bought out. Presumably a lot of these (including Bolton) will be insolvent but at least they will be able to recover some of this by selling off the repossessed homes of daytraders and retirees alike.
Its not a good look for a company who is currently relying on the goodwill of the government and taxpayers to underwrite its profits through financing guarantees.
BCS Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
