Heard on CNBC: Royal Bank Of Scotland a seller. Says never shld have bt ABN Amro. Big mistake.Follows on from last weeks forecast - see earlier link p

Hi everyone,

Thought it was about time I started a thread; haven't had my 5 cents worth for ages. More news from RBS - which follows on from last weeks bearish forecast from the investment bank.

Please note - I heard the following on CNBC Asia about 11.15am AEST time.

"Royal Bank of Scotland a seller of assets. Says big mistake to buy ABN Amro. Never should have bought it in the first place".

I can't find it in print anywhere, so perhaps someone else may come across it. This figures, it took the markets at least a day (taking into account their persistent denial) to read and react to the bank's latest bearish forecast of Credit Crisis round 2.

If you read the thread below, you will see where someone posted the banks June 2008 forecast of a plunge in the markets (they were correct) and here we go again saying virtually the same thing in last week's forecast. See the little paragraph about "cliff diving"

Thread: RBS: Prepare for CLIFF-EDGE, COLLAPSE and MONSTER MONEY PRINTING

This continuing saga never endes does it?.....all the same this is good market stuff.

Bears watching :-)

Bugsy