One could ask the question: how did the financial system got us into such a mess? First one has to look at the value of anything and nothing… On average:
Scottish crime writer Ian Rankin has recalled how he partied with disgraced RBS boss Fred Goodwin a year before the bank was bailed out by the Government.
Speaking in BBC Scotland documentary The Years That Changed Modern Scotland, Rankin, 60, tells how he was invited to a bash at the RBS headquarters at Gogarburn, in Edinburgh, to celebrate the ABN Amro takeover.
Though the deal would bring RBS to its knees, at the time it was seen as a triumph for Scotland and a source of national pride, Rankin explains. I was at a party there the night of the ABN Amro takeover that was going to make them one of the biggest banks in the world, he says.
Ian Rankin reveals he partied with Fred Goodwin at RBS HQ after doomed takeover deal which led to its collapse scotsman.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from scotsman.com Daily Mail and Mail on Sunday newspapers.