Royal Bank of Scotland to get Billions from Bailout

-Sunday Herald

THE ROYAL Bank of Scotland is to be one of the biggest beneficiaries of the planned $700 billion bail-out that comes courtesy of the American tax-payer if the US Congress gives the financial rescue package the go-ahead this weekend.

The bank's share of the bail-out will enable RBS to offload billions of dollars of questionable assets.

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RON PAUL NEWS
Sep 21: Paulson says foreign banks can use bailout