Who Takes The Risk?

I never thought I would say this but today is the day to applaud a bank.

The Royal Bank of Scotland is making the radical move of announcing that it intends raising additional capital it needs from its SHAREHOLDERS rather than gouging the money from its CUSTOMERS by raising charges. If only they would go on to cut the bonuses paid to the bosses and perhaps reduce the dividend paid to shareholders they wouldn’t need to raise charges ever again?

Maybe the water companies and other privatised industries could remember that it is shareholders who should provide “Risk Capital”; they shouldn’t just impose price rises on their monopoly customers every time they need more money.