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Monday, September 29, 2008

Brown trousers time

No time to blog much of late as I have almost literally been working in some manner (here and in Dublin) each waking moment from Friday morning to now.

Thankfully my workload is unrelated to the overall credit crunch problems but one can't help but notice that, given the confidence-shattering nationalisation of Bradford & Bingley, the seemingly ineffectual $700bn US bailout and a slide in the RBS shares of 17% so far today; we are getting worryingly close to 'brown trousers' time for Scotland's biggest bank.

As has been said on here before, to lose one bank would be unfortunate, to lose two would just careless.