Relevant:
- British banks are 'technically insolvent' (and other secrecies)
- Interesting WikiLeaks Regarding Mervyn King and Bank of England at Height of Crisis; Global Banking System Insolvent Then, Still Insolvent Now
- How To Cause Great Depressions
- Darling Pushes British Economy Over the Edge
- Eurozone banks and contagion risk
2009-01-17 — nakedcapitalism.com
"Analysts working for RBS, one of several British banks to have received emergency funding from the UK Government last year, told the City that "the domestic UK banks are technically insolvent on a fully marked-to-market basis"."
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