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News Link • Federal Reserve

The FED's Bailout of Royal Bank of Scotland

• Lew Rockwell
I just viewed a BBC documentary titled "RBS — Inside the Bank That Ran Out of Money." The bank ran aground by over-expansion, especially by making a bad acquisition (ABN AMRO) that held tons of bad loans. This acquisition came 5 weeks after the head of RBS stated that he didn't foresee any acquisitions. 

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