Another Bank to go down RBS
When we all thought that the recession is about to bottoms up, there is another news that the Royal Bank of Scotland RBS is going into very bad losses and need huge capital injection to stay in business. The big question now is when the downslide is going to end and as we talk the Dow Jones is at 8 year low and we need some 8 more years to get to the level we were last year. I just took a few months for the market to wipe off all the wealth we have accumulated all these years. Now isn’t capitalism a scary thing.