RBS and HBOS the final word?

This blog summarises more possible reasons for their demise. It is still not clear which problems were cyclical ie normal in the downturn element of the economic cycle and which were responsible for their failure…was it bad lending, demise of Lehmans etc

How about these reasons!
Lloyds failing to take over Abbey.
This would also have made it impossible for Lloyds to take over HBOS and not get into their current mess.
HBOS forcing RBS to discontinue its relationship with Santander. I would guess that Santander held RBS in check at times and so Santander was the only succesful purchaser of a part of Fortis.
Good financial modelling or is that modellers? Brainy and/or over-qualified people usually only make big mistakes which no one else ever spots until its too late if at all. LTCM again! Once modelling becomes the norm, people try to be too clever.
And of course ^_^ once RBS stopped being known as RBoS.