The Anonymous Widower

RBS Charges 2190% for Unauthorised Overdraft

The Sunday Times is reporting that RBS, or as I think it should be called, the Royal Bank of  UK Taxpayers, is charging this rate for an unauthorised overdraft.

So the message is don’t go overdrawn if you bank with this wunch of bankers.  But as a taxpayer, surely it is not a bad thing if a few idiots do, as they will help to make the bank profitable, so we can pass it on to another set of mugs.

On the other hand, we could bleed it dry, so it didn’t make any profits and then it might go bankrupt after which the liquidator could have their share and then pass two-fifths of five-eighths of fuck all to the government. After all Gordon Brown got us into this position by saving the bank in the first place, so that Scotland might vote for him.  It was a good idea, as it looks like more voters north of the border preferred the SNP to Nulabor.

As an aside why is it always  two-fifths of five-eighths of fuck all? A quarter would be simpler.

January 22, 2012 - Posted by AnonW | Finance | Banks, Gordon Brown, NuLabor, RBS