Monday, October 13, 2008

Phat Comptroller: Correct on £20 Billion Sources

Iain Dale was on the money thanks to his "sources" with his £20 Billion punt on share issue from RBS, but sadly missed the £17 Billion to Lloyds-HBOS. And sadly the Train Companies have yet to be re-nationalised as he stuck his neck out and suggested. If you read between the lines.

In fact sources giving indications were out there en plein air for all with eyes to see:

2008-10-11 23:12:41
UK could take board seats at banks-govt source
WASHINGTON, Oct 11 (Reuters) - The British government could end up with seats on the boards of major retail banks, a government source said on Saturday.

2008-10-12 05:52:01
Britain to launch 35 bln pound banking rescue-paper
LONDON, Oct 12 (Reuters) - Britain will launch its biggest retail bank rescue on Monday when the four largest, HBOS, Royal Bank of Scotland, Lloyds TSB and Barclays, ask for a combined 35 billion pound ($60.5 billion) lifeline, the Sunday Times reported.

In fact it was £37 Billion with Barclays not issuing any stock towards HMG just yet. Also a very fast-moving RBS Investors discussion here which was way ahead of the Dale.

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