RBS - Inside The Bank That Ran Out Of Money

[TheLordSVS]

Feel sad about it really. Obviously RBS got a bit greedy and because much of the US is unregulated, they failed. It's a terrible shame such a good bank went down just because of a few greedy people.

[Adam1992i]

A lot of the bailout money was spent on reducing debt....it cut greece's debt by 50% and they can't even afford to pay that.

[accidentalworld]

i smell a rat - looks to me like goodwin was a stooge, it was inside job engineered by the US , a small dutch elite and various UK beneficiaries. i just cant buy that this knob goodwin would have been so slack. and i quote 'they paid for ABN Amro in cash' - wtf?

[accidentalworld]

@accidentalworld 'they paid 27 billion euros and unusually paid for it mostly in cash from the banks reserves....' - what a set up!

[meotaku2]

He was also having a secret affair with a colleague and was granted an super injunction to prevent it becoming public.

[WokSz]

I'm not defending anyone here, but I think the common man and woman also had a duty to England to look after their own savings. You should have read the fine print and done your research. There was enough information out there to prevent such a crisis.

[TheLordSVS]

@WokSz England? What are you talking about?

[Justdisco2]

Fred Goodwin and his cronnies, should have been put in jail, I feel sorry for the ordinary men and women who invested in the bank to get a decent retirement. I'm a Scot and i am embarrest at how bad it turned out, and it's such a bad thing for Scotland, Not just RBS but bank of Scotland as well.

[47tont]

Nice one let take his money now. He's a fucking wanker anyway

[sweetypie000]

These banks have totally ruined many peoples lives. The bankers in the high positions are guilty of knowing this happened and allowing it to happen. They do not even refuse their bonus on top of their over inflated fat salaries - guilt enough.

They will not be punished - the government is too full of fat greedy slobs who are poncing off the public at our cost.

They will not be flogged, jailed, tortured and ultimately executed which they fucking well should be. These people deserve punishement !

[RickEverhard]

Awesome documentary! Loved it!

[Shamsuzzohan]

nice documentary. thanks BBC.

[boumar19721972]

Capitalism is like all the other isms, it doesn't work and will never work but people that love it are mostly the ones raking in all the cash, why are we still supporting them?We need a Resource Based Economy. /watch?v=4Z9WVZddH9w

[GeorgeGreekTrucker]

Smoke screen .. They turn you against banking staff while the bank owners and their puppets in government run away with the loot ..

[ukipwarrior]

this debt should go straight to Scotland when they get independence.

[maccagrabme]

Money doesn't grow off trees. Didn't we all learn that as kids?

[order9066]

Why are you folks upset with the banks? The GOVERNMENT deregulated them and bailed them out. Subjects of the crown get austerity, banks get bailouts and bankers get the title of "Sir". As a Yank I have no idea what that means.

[deadballo]

The last segment of sad bankers is ridiculous.

Yea, they're weeping....on silk linnen!

Oh boo hoo hoo!

[deadballo]

Forced to take a bailout? Is the narrator being facetious?

[hagbard72]

What is "the city" they keep talking about. Seems to hold a lot of power.

[blueskiwi]

@hagbard72 it's London, specifically the 'City of London' which is the financial district in the centre of London

[hagbard72]

@blueskiwi The banks need approval of the city of London?

[blueskiwi]

@hagbard72 in that case they mean 'The City' as in the powerful companies based in the financial district

[hagbard72]

@blueskiwi So when they say "it was approved by The City" then mean symbolically?

[blueskiwi]

@hagbard72 I believe so, yes

[junepho1]

@thefrockdoctrine,

Thanks for the video! I was searching for another BBC programme :

The truth about Supermarket price wars: Panorama

If anyone would kindly upload that on youtube, that would be a great thing, since I cannot watch that from France from the BBC website...

[kencar63]

This was terrific. Fascinating. And I don't believe those former executives even care about the damage they did to everyday people's lives.

[thefrockdoctrine]

@kencar63 Their hubris is almost embarrassing to see on full display. Fred Goodwin doesn't come across well at all, vainglorious and cock-sure.

[deadballo]

@thefrockdoctrine

Are you kidding me? He's probably inspired thousands of business/finance majors to blow up institutions themselves and become filthy rich because of it! He's a bigger hero than Gekko from the movie Wall St.

[thefrockdoctrine]

@deadballo But that's like having Mr Bean as your hero. Not saying you're wrong, I just thought he came across as an arrogant fool.

[BuddiBoy19]

@thefrockdoctrine Its amazing how they could loose so much money out of so many innocent people and be allowed to leave the company without compensating those people. All those remunerations and pensions would make them living comfortably for another n generations unpunished and the misery of millions of people unresolved. They should be punished by making them pay back what they have gained. This should be the standard put in place.

[junepho1]

@kencar63 Could I ask what happened to the people's investment, that was not repaid by UK taxpayers? 

[io007a]

@kencar63 this is what happens with fractional banking system and low intrest rates ,rbs and lehman brothers are just the weak link of a rotten system breoke by design