rbs to the rescue of ordinary shs, page-24

Agree RBS should put up or shut up.

Don't think banks would want VA. No real need provided their capital is protected by assets.

VA would mean $0 to BBI holders and something to BEPPA/SPARCS....not sure what.

Re RBS BEPPA. Even if they took a 20c hit versus their buy in price then 135 mill at 20c = $35 mill....small change in the big picture.