Monday, January 19, 2009

RBS Stock Down Over 60% in Europe Trading

Probably not that surprising after posting the "biggest ever loss reported by a U.K. company" of $41 billion. Biggest shareholder, the United Kingdom Government with 22.8 billion shares, can not be happy with an $8 billion + loss in 6 hours of trading. Paulson, with 142 million shares short, is very happy.

Sphere: Related Content
Print this post


Anonymous said...

why is paulson only disclosed shorter? i imagine there are many more who have bet the house against this pig