Monday, January 19, 2009

Perhaps future North Sea Oil revenues should under write the government loans to RBS and HBOS ?

This should concentrate Scottish Labour minds. Since RBS and HBOS are Scottish banks, how about underwriting them with future revenues from Scottish Oil ?

I stand back and await the howls of protest .....

2 comments:

Andy said...

I think it's a great idea. So long as it takes into account the Continental Shelf Act and does not include the English share!

Wyrdtimes said...

Good idea but I think the Shetlanders would object!