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I can't really say I feel bad for the shareholders, especially not big ones like these pension funds. Big owners usually have their own people as members of the board to keep an eye on things, and even if they don't someone should have told them that share ownership carries with it the risk of losses. Past performance is no guarantee of future performance. If you buy shares in a company run by crooks, well, tough luck. Take a closer look at management next time.

Ergo, they just seem like sore losers.

If anyone should be going to court, it's the management for RBS for providing false information to the markets. Long jail terms for them is fine by me, but stupid shareholders should not be compensated. If they don't like risk they should put their money in German sovereign debt.

Peak oil is not an energy crisis. It is a liquid fuel crisis.

by Starvid on Mon Apr 19th, 2010 at 11:48:51 AM EST
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