Emails show RBS bankers joked about destroying the US housing market before 2008

I think a lot more ‘Financial Crisis’ information will be coming out in the next year or so. We may yet see someone go to jail.

‘Employees at the Royal Bank of Scotland (RBS) joked about crippling the U.S. housing market before the 2008 financial crisis, according to transcripts released by the Department of Justice (DOJ) last week.

According to DOJ transcripts, senior staff described loans they were trading as “total f–king garbage.” DOJ also found that the Sottish bank’s chief credit officer in the U.S. said the loans were “all disguised to, you know, look okay kind of … in a data file.”

The release of the email and call transcripts were part of a DOJ report, which resulted from a $4.9 billion settlement with RBS, Business Insider reported.’

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