Help Sitemap Home Skip Navigation Contact Us Disability Statement


The article has been unable to display.
 
1

Linoleum Blownapart,

Nuclear free Scotland 16/03/2009 21:25:21
Hmm - what to think here. Action led by Cherie Booth. Hate hate hate .... or false information by Goodwin ... hate hate hate.
2

,

17/03/2009 00:04:17
Comment Removed By Administrator
Reason:
3

,

17/03/2009 00:04:37
Comment Removed By Administrator
Reason:
4

Hmm ...,

17/03/2009 00:06:50
.. yes, Linoleum (1) - if only they could both lose!
5

,

17/03/2009 00:06:58
Comment Removed By Administrator
Reason:
6

Dark Lochnagar,

Symington 17/03/2009 00:46:51
No chance Traquir. All they want to analise is the size of their pay pokes from their English masters who pay them to be anti SNP and worse anti Scottish.
7

Charles Linskaill,

Edinburgh 17/03/2009 00:51:29


The Key Words are,..

...'Never Trust a Pension'

30years ago, I was told this by a Wise Owl of an employer, he said,...

"Charlie!, you will never get back what you invest in any Pension Fund, far the better, to invest in property!"

How Right he Was!!

And this was 30years ago!!
8

W Smith,

Middle East 17/03/2009 02:01:31
I see Mr Salmond's hero Obama is now to meet Sinn Fein leader Gerry Adams.

Obama wants to 'learn' lessons from Northern Ireland and see how it will help Iraq and Afghanistan.

God help us all.

http://www.telegraph.co.uk/news/worldnews/northamerica/usa/barackobama/5002136/Barack-Obama-to-meet-Sinn-Fein-leaders.html
9

Letters From Muscat,

edinburgh 17/03/2009 04:11:02
I trust the political apparatchics ? read all these blogs so they see that there is all this damaging information out there? Now that we are all so well - informed what should we do? What can jo- public do in the face of this scandal? who is whiter than white? Knowledge is power as they say....... also it would appear that the law firms are going to come out of this scandal smelling of roses. Keep informing the blogs, it always makes most interesting reading.
10

Glasgow Expat,

Proud Short Seller 17/03/2009 04:33:13
But the pension funds could have sold out the shares before the big fall if they were managing their risk properly. It's always someone elses fault eh.
11

donald anderson it's me,

glasgow 17/03/2009 05:20:00
Maybe Mrs Blair can check the Millions given to Mr Blair.
12

Angoos,

Baku, Azerbaijan 17/03/2009 06:08:52
#10 Well Said !! Pension Fund managers are paid to ...ahem... "Manage Pension Funds".

For years they have been investing in RBS shares because they were seen as a "dead cert" in terms of safe investment. Now it's all gone t1ts up they all of a sudden cry foul because they were too bloody lazy to do their own jobs properly and are looking for someone else to blame.

Personally I hope RBS are found innocent when the shares issue is looked into so that all those money hoarding "investment managers" who screwed up are found out for the charlatans that they are !!
13

yockel,

17/03/2009 07:29:48
Hmmm, the public sector taking action against a publicly owned utility in a US court. I feel a tax bill coming on, no wait it's not a tax bill, it's hyperinflation.

The upside is I shall be able to sell a turnip and clear all my debt in one go.
14

yockel,

17/03/2009 07:30:55
Can we stop the War on Terror now we have the RBS to hate?
15

Hugo of Garven,

17/03/2009 07:36:44
#5 Traquir , Alba,

Your analysis of the poll makes interesting reading.

16

Non!!,

Easr Britain 17/03/2009 07:46:17
13 Fresian : You have a key point. Bringing this case in the USA is nonsense. The plaintiffs live in the UK , the losses occured in the UK and the bank has its head office in the UK. Previous actions (particularly against pharmaceutical companies) which have been brought in analagous circumstances by foreign plaintiffs have been thrown out by the American courts on the doctrine of forum non conveniens (ie wrong court) There is absolutely no reason why the case cannot be brought in the UK. The precedent for multi plaintiff actions was established in the Opren litigation in the English courts some years ago.

It would seem too that Ms Booth QC is also the wrong lawyer. Her speciality is human rights not multi plaintiff tort actions and she is not (as far as I am aware) admitted to the bar in the USA. Nor will the fact that Tony Blair is her husband cut any ice at all with the American courts.

In summary : wrong court, wrong country, wrong barrister. No hope - just more money into the pockets of greedy lawyers.I predict that this case will be quickly dismissed in the USA.
17

Raymond Thomas Brooke,

Leven England 17/03/2009 07:52:26
Oh the irony that Cherie should be the legal representative when her husband and Gordon Brown stole the money from pension funds long before the banks had these problems .it is no longer "one law for the rich...it is " one law for polticians (sic Dictators) to get rich
18

Ugly George,

Edinburgh 17/03/2009 08:07:48
17 Non
I think one of the reasons the case is being brought in an American court is that RBS conducted part of its share issue in the USA. It appears that their actions may have been a contravention of the 1933 Securities Act in the USA. Therefore the plaintiffs may feel that they have a better chance of making the charges stick there.

As far as Cherie Blair is concerned, I doubt if she will be the only lawyer involved. There will be a team of them specialising in different areas to build up the case.
19

Ugly George,

17/03/2009 08:18:10
13 fresian
As I said in post 17, the case seems to relate to the share issue conducted by RBS in the USA. The plaintiffs seem to be alleging that this share issue was not supported by sufficiently detailed and accurate information relating to the companies finances at the time. If this is the case then RBS have breached the 1933 US Securities Act. The last I heard the lawyers were claiming that there were 4 breaches of this act.

I am not an expert in company law but there may not be a corresponding piece of legislation in Scotland or the UK to enable the plaintiffs to bring the case here. Alternatively, it may be that the case is being brought on a no win - no fee basis. If so, the lawyers must feel pretty confident about the case as costs in a case such as this won't be cheap.
20

Good debator,

17/03/2009 09:18:21
Ok. The people (ie the cooncil) are paying the wife of their ex-PM to sue the people (ie the banks).

What happens in this transaction? Lawyers get rich, cooncil chiefs get cash, Labour get paid, the people pay. Business as usual then.
21

Mcsnagpile,

17/03/2009 09:31:22
It has been hard digging in the manure this spring. Ah dinnae envy them pensions folk digging it up
22

Stan Butler,

17/03/2009 09:40:38


If the claim is successful who pays the damages?

RBOS ie the taxpayer or insurers?
23

Stan Butler,

17/03/2009 09:42:55


If Scotland becomes indapundint what happens to the British taxpayers' shareholding in RBOS?

Do we get some, or all of it?

Do we have to pay the English to keep RBOS?


24

Machelpus,

17/03/2009 11:04:46
So can someone enlighten me please Gordychov part nationalises Scottish Banks, with all of our money so they [haha] belong to us, Councils then decide to sue banks in American courts, Darling Cherie gets the job of fleecing the Brits [her fee will be paid by us via rates] whether she wins or loses, mmmm so her barsteward war crim of a husband fleeced us now she follows by skinning us alive, more Millions in their coffers less in ours.
25

G. Miller,

Alpine CA 17/03/2009 14:00:53
With all these problems, I was quite surprised to see an advert on TV last night for a Jack Nicklaus golf camp in the USA sponsored by RBS. Are there no disadvantaged kids in Scotland that they could sponsor or is this just another chance for the directors to eat and drink with a celebrity at the taxpayers expense, of course
26

Griffe,

17/03/2009 15:15:05
This is bizarre, we the tax payers own RBS and fund the councils. This means that we are taking legal action to move money from one public sector pot to another, sadly in the mean time picking up all the legal costs
27

grannie,

Glasgow 17/03/2009 16:15:37
This whole thing goes from bad to worse. Meanwhile the rotten apples at the top of the tree seem to still come out smiling.

Could someone tell me how you get jobs like Lord turner that pay £400,000 a year for 3 days a week. I'm sure I could do it.
28

weh,

17/03/2009 18:06:52
This whole thing goes from bad to worse. Meanwhile the rotten apples at the top of the tree seem to still come out smiling."

Grannie-the UK is world renowned for being totally corrupt from top to bottom vis a vis the political class!

This has been WELL hidden from the rank and file for decades, however, with the present incumbents shenanigans, which are SO gross, it is ONLY NOW that the scales have been removed from the UK and, in particular, the Scots peoples eyes!
29

Filosofo,

Kirkcaldy 18/03/2009 14:31:30
#7, Charles Linskaill.
You actually make sense in this posting!
Well done.
Try and keep it up.

 

Comment on this Story

 

In order to post comments you must Register or Sign In

 
 
RSS Feed of this article's comments
Delivery formats: RSS, Atom, Javascript & Email
 
  

 
 


Sister Newspapers:
Press Complaints Commission

This website and its associated newspaper adheres to the Press Complaints Commission’s Code of Practice. If you have a complaint about editorial content which relates to inaccuracy or intrusion, then contact the Editor by clicking here.

If you remain dissatisfied with the response provided then you can contact the PCC by clicking here.