A Royal (Bank of Scotland) Fraud

The purchase of ABN Amro was a major fraud.
Bloomberg:
Prime Minister Gordon Brown’s government tightened its grip on Britain’s financial system, guaranteeing toxic assets and giving the Bank of England unprecedented power to buy securities.
The Treasury authorized the central bank to buy 50 billion pounds ($73 billion) of assets and plans to raise its stake in [...]

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Much ado about the big O

Wealthy men give women more orgasms
Jonathan Leake, Science and Environment Editor
Scientists have found that the pleasure women get from making love is directly linked to the size of their partner’s bank balance.
They found that the wealthier a man is, the more frequently his partner has orgasms.
“Women’s orgasm frequency increases with the income of their partner,” [...]

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CITIBANK: Bail Us Out to Bail Them Out

CITIBANK was bailed out by the American government on 24th November 2008.
Marketwatch.com reports:
Citi soars, but reactions are mixed on U.S. plan
Bailout includes government approval of compensation, limits on dividends

Early Monday morning, officials agreed to a $326 billion rescue of the company that was once the largest U.S. bank, a pioneer of the one-stop-shop model combining [...]

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