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That article agrees with my view made on the weekend that Mr...

  1. melua
    14,880 Posts.
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    23/09/09
    07:05
    Post #: 5679427
    That article agrees with my view made on the weekend that Mr Cornerstone will win the day.
    RBS proposal offers no long term solution and half the $400M new equity would be eaten up in transaction costs, which include closing out interest rate hedge positions at a substantial loss.
    BBI Price at posting: 5.1¢ Sentiment: Sell Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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