What would RBS have to gain from administration? Crap retail property management for a start. Ever seen an accountant that could run a retail scene? Give be a break.
Trying to seel propertyin Spain just now is like trying to sell hot rocks on the side of an erupting volcano. Every second comercial property in the country has a for sale sign on it. Ditto Greece. Covenant breach or not, RBS itself breached its about 2 years ago. It is now UK govt property.
Its a pity they cant find some way of all us shareholders tipping in an extra $20 mil between us. That would save us and stop all the net value going to some opportunistic shark and us ending up with SFA. But then pigs might fly.
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