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Originally Posted by morayloon
Anyway HBOS WAS taken over by Lloyds TSB.
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Only AFTER the Scottish bank HBOS crashed.
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Edinburgh may have been the home of two major banks but to suggest the financial area had anything like the amount of blame for the crisis as London is way beyond reality.
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Edinburgh can takes its share of blame for the financial crisis. Why do the Scots always think they are so great and never do anything wrong and that this financial crisis - which started largely in Edinburgh with the crashing of two major Scottish banks - was only the fault of the nasty English and that the Scots are in no way at all to blame? It's just complete and utter breathtaking arrogance.
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Northern Rock, Alliance & Leicester, Bradford & Bingley are not Scottish yet all 3 failed and were taken over. So where does that leave your anti-Scottish beliefs.
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Yet all of them could have still been bailed out in an independent England.
Yet the two great Scottish banks would not have been able to be bailed out in an independent Scotland. They were only able to be bailed out by the great English taxpayer.
So where does that leave your anti-English, pro-Scottish independence beliefs?
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Alex Salmond caused the failure of RBS - I've heard it all now!
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He helped to cause the crash of RBS when he cheered that very popular Scot by the name of Fred Goodwin on in his takeover bid for ABN Amro, the deal that caused the bank to crash.
Salmond must shoulder some of the blame for that. I wouldn't hold my breath, though. He's Scottish, so he'll refuse to admit that he and his fellow countrymen had anything to do with the crash of RBS and just blame it all on the English.