Shredded

Posted on by

The definitive account of the Royal Bank of Scotland fiasco It s an engaging, if in some ways infuriating, tale of how self serving bank executives systematically broke the rules, lent with astonishing recklessness, abused customers and got suckered by Wall Street before ultimately dumping their mess on taxpayers Fraser doesn t just point the finger at Royal s clueles New Download [ Shredded ] Author [ Ian Fraser ] For Kindle ePUB or eBook – kino-fada.fr By far the most detailed and forensic account of RBS ever written Going back to the very first days, even before the name RBS was arrived at, it brings the story right up to date It is an absolute must read for any British taxpayer, any customer or employee, past or p...Interesting to start with, but became repetitive Some editing would have been helpful The author can find no one to say anything favorable about It does provide insight on huge governance failures and also that the fact that many analysts were aware of the risks about RBS s growth strategy.There were a number of books that came out post recession about the demise of Bear Stearns, Lehman Brothers, WaMu, etc., but this was the first one that I ve read about RBS To start, the book is impeccably researched, and as a result the level of detail and nuance that Fraser is able to convey is staggering Fraser lives in Scotland, and was an RBS customer he left the bank in 2013, tired of their incompetence and malfeasance which gives his prose a tinge of the angst and hurt that all RBS cu There were a number of books that came out post recession about the demise of Bear Stearns, Lehman Brothers, WaMu, etc., but this was the fi...Other than Lehman Brothers, RBS is the most notorious example of hubris leading up to the 2008 09 banking meltdown Its market capitalisation stood at 76 billion in May 2007than every other listed Scottish firm put together and the bank employed up to 200,000 people worldwide By October 2008 it was worth only 16 billion and on the verge of collapse, relying on taxpayer support to keep it solvent CEO Fred Goodwin emerged from this mess as the unacceptable face of capitalism and is Other than Lehman Brothers, RBS is the most notorious example of hubris leading up to the 2008 09 banking meltdown Its market capitalisation stood at 76 billion in May 2007than every other listed Scottish firm put together and the bank employed up to 200,000 people worldwide By October 2008 it was worth only 16 billion and on the verge of collapse, relying on taxpayer support to keep it solven...For an inside view of what and how RBS imploded, and to getinsight into why the GFC occurred get hold of this book.Fraser also looks into the unprecedented orgy of speculation and debt that created the GFC and left banks and finance houses around the world stranded.Interestingly though very few of the executives involved in this went to jail, most kept their bonuses and huge pay cheques and some are still in banking and finance.It seems we ve learnt nothing and while regulations and regula For an inside view of what and how RBS imploded, and to getinsight into why the GFC occurred get hold of this book.Fraser also looks into the unprecedented orgy of speculation and debt that created the GFC and left banks and finance houses around...Gripping tale of greed, narcissism and megalomania A horror story of what happens where there is weak governance and lack of oversight This is an absolutely shocking book and begs the question have we learned anythingThe title of this book is rather melodramatic because RBS was only one of numerous banks worldwide that believed their own hype and bonuses to believe that they were kings of the financial universe and geniuses in a world that mere mortals could not understand RBS was simply one of the worst examples of corporate greed and hubris Ass Warren Buffet the legendary investor has said when the tide goes out you discover who has been swimming naked This book exposes in particular the names in The title of this book is rather melodramatic because RBS was only one of numerous banks worldwide that believed their own hype and bonuses to believe that they were kings of the financial universe and geniuses in a world that mere mortals could not u...Shredded is thoroughly reported and at parts feels a bit overly so most of the book is basically a sustained critique of banks, bankers, banking regulators, Basel banking regulations, politicians, etc It is not especially balanced, having said that, the reporting is quite solid and unearths a lot of behind the scenes detail as to how Fred Goodwin ran RBS to the ground Though there is a lotcolor, conceptually there is not that much new the same villains are there megalomanic CEO, we Shredded is thoroughly reported and at parts feels a bit overly so most of the book is basically a sustained critique of banks, bankers, banking regulators, Basel banking regulations, politicians, etc It is not especially balanced, having said that, the reporting is quite solid and unea...How to Rob UK citizens and get away with it Why aren t they all in jail serving long sentences So much for David Cameron making all the noises how bankers will be dealt with What have you done Mr Cameron nothing I am shocked and horrified by the grotesque attitudes of those supposedly responsible of lax attitudes towards risk If Goodwin was a tyrant to the extent mentioned then those that should have challenged him are just as complicit Politicians Investors and shareholders you are a How to Rob UK citizens and get away with it Why aren t they all in jail serving long sentences So much for David Cameron making all the noises how bankers will be dealt with What have you done Mr Cameron nothing I am shocked and horrified by the grotesque attitudes of those supposedly responsible of lax attitudes towards risk If Goodwin was a tyrant to the extent mentioned then those that should have challenged him are just as complicit Politicians Investors and shareholders you are all guilty It s ok when the money s rolling in nothing matters, everyone is great But, when the shoe is on the other foot funny how they have all blended in to the background , leaving everyone else to pick up the pieces Conveniently, tax payers money saves the day never to be seen again Goodwin and his cronies are biggest scoundrels going who have got away with daylight robbery, sending...It is good but not that good For all the thorough research and the impressive excoriation of Goodwin it has surprisingly little original analysis It s pretty forthright but not passionate enough, losing it s impact in the wash of detail It comes to certain half hearted conclusi...

Shredded
  • 04 March 2018
  • Kindle Edition
  • 480 pages
  • Ian Fraser
  • Shredded