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The Royal Bank of Scotland Group plc Message Board

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  • rexobXIP rexobXIP Nov 23, 2008 11:31 PM Flag

    Not going to get the big pop you think

    The british gov't is underwriting new preferreds. They are not going to do that and then wipe them out. They would lose all credibility and destroy public confidence... and this crisis is very much about a lack of confidence.

    Whether this pops or not is questionable as this market is being dictated by fear -- but the Gov't is not going to rope people in and then cut them off at the knees.

    Just my opinion.

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