Thursday, 26 February 2009

Large number fatigue - $Half Trillion - nice one from Royal Bank of Scotland

I do hope that I am not alone in still being shocked by the Royal Bank of Scotland announcements this morning.
What is most shocking is that so much complacency and large number fatigue is setting in, that even when Alistair Darling admitted during a radio interview that just RBS alone needs to have insurance on almost half a trillion dollars worth of troubled assets, the interviewer took that number in his stride and then went on to another fairly innocuous question for the Chancellor.

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