I want to know exactly what RBS's debts and its assets are, I want to know who they owe money to and what the agreements say. Same goes for loans made by the bank. Who, what terms, how much and I want to hear from the people who made the deals.
Of course one major fear would be that if the truth about RBS's assets were known and priced this would effectively price not only the assets and liabilities of all the counter-parties to the RBS deals but also those who held or made similar deals.
My argument there is - "What, we can't know what we are liable for and what we are paying for, because it might harm someone else entirely, someone I don't know, and with whom I have no agreement? I don't think so. It's nothing personal you understand, it just business."
I personally, as a tax payer, was taken into a vastly costly deal blindfolded. I want the blind fold removed. Don't tell me 'experts' have looked at it for me. I do not believe those 'experts' have any concern for me or mine. I think they are working for interests other than mine and I do not think their opinions are worth anything to me.
We own the vast majority of RBS. I think the only reason we don't own it all is because if we did it would be liable to Freedom of Information Requests. But nevertheless we own it and we therefore have both a moraal and legal right to konw what it is we were forced in to buying and also forced into insuring. We have a right to demand a publicly conducted Debt Commission.
Words & Idea by GOLEM XIV
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