Restat iter caeli: caelo tentabimus ire

16.12.08

How Times Have Changed

1 year ago, RBS paid $100 Billion for ABN Amro. For this amount today, it could buy:

Citibank for $22.5B
Morgan Stanley for $10.5B
Goldman Sachs for $21B
Merrill Lynch for $12.3B
Deutsche Bank for $13B
Barclays for $12.7B

And still have $8bn change ... with which they could buy all of GM, Ford, and Chrysler.

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