Some economists have suggested the initial bid price of ‘£0.99’ is a trifle low, but most agree that the £67 buyout clause is far too optimistic. One expert commented: “Pick up only’ does assume there is a buyer willing to travel to Scotland. And anyone expecting an ethical bank, needs to realise that this is a fake brand.’
The auction closes in 10 days, but there are already three ‘watchers’ all of whom have been drawn to RBS’s investment in general skulduggery. Described as ‘like new’, it is clear from the fuzzy photograph that the bank is covered in allegations of Illegal trading, market fixing and kebab stains. And while he will accept PayPal, the Chancellor has said he would prefer cash in hand – ‘No Scottish notes, please’.
