The Carpathia isn’t coming to rescue this government still swimming in the mire, writes LINDA PENTZ GUNTER
How the public has been left paying for RBS’s crimes
LAST month a Telegraph headline said: “Government closer to selling RBS stake after bank agrees ‘milestone’ £3.6bn US fine.”
In May, the Royal Bank of Scotland agreed with the US Department of Justice to settle lawsuits accusing the bankers of selling products linked to risky mortgages in the US between 2005 and 2007.
These were the dodgy financial products at the centre of the banking crisis, so it seems RBS is admitting responsibility for an economic fraud that has caused deep misery for millions.
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