RBS to be part of UK bailout

[Michaelhatesfans]

It's going to get harder and harder to justify F1 level budgets now that the taxpayers have a stake in it. You have to wonder which sponsors will be left by next season.
http://news.yahoo.com/s/afp/20081013/ts_afp/financebankingbritainhbosrbs

[Gnam]

Don't the taxpayers pay for most of the F1 races these days? Why not the teams too? ;)

[oddlycalm]

No doubt that was why Max and Bernie were sounding the fog horn for a spec series last week.

oc

[dando]

And more potential F1 funness:


Oct. 13 (Bloomberg) -- Dubai may need help from Abu Dhabi and the United Arab Emirates government to finance a surge in borrowing that paid for the world's tallest tower, palm tree- shaped man-made islands and stakes in banks worldwide.

Dubai's ``potential reliance'' will be ``most significant'' in coming years, Moody's Investors Service said in a report today. Government-controlled companies owe at least $47 billion, more than Dubai's gross domestic product, and they will continue to accumulate debt at a faster pace than the economy grows, the New York-based rating firm said.

http://www.bloomberg.com/apps/news?pid=20601087&sid=a4sAgqSD_LIA&refer=worldwide

-Kevin